The difference in average salaries between men and women in the workforce is referred to as the gender pay gap. Usually, it is calculated as the difference between the median hourly wages of male and female employees.
Women typically earn less than men in many nations, including the United States and the United Kingdom. The factors that contribute to the gender pay gap can include occupational segregation (where women are disproportionately employed in lower-paying jobs and industries), discrepancies in levels of education and experience, and discrimination.
Because it may significantly affect both women's financial security and the economy as a whole, the gender pay gap is a significant issue. A multifaceted strategy is needed to close the gender pay gap, including initiatives to end discrimination, advance workplace equality, and address the elements that lead to occupational segregation.
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