Tag

Gender Pay Gap

All articles tagged with #gender pay gap

business1 year ago

Disney Settles $43M Equal Pay Lawsuit Over Gender Discrimination

Disney has agreed to a $43 million settlement in a lawsuit alleging it paid female employees less than male counterparts for nearly a decade. The lawsuit, initiated by LaRonda Rasmussen in 2019, involved about 9,000 women. Disney, while not admitting fault, will hire a labor economist to analyze and address pay equity among its California employees. The settlement awaits judicial approval.

business1 year ago

Disney Settles Gender Pay Gap Lawsuit for $43 Million

Disney has agreed to pay $43.25 million to settle a class action lawsuit alleging gender pay discrimination against female employees in California. The lawsuit, filed in 2019, claimed Disney's pay practices resulted in women being paid less than men for similar roles. The settlement will compensate thousands of women who worked for Disney since 2015. Disney, while disputing the study's findings, will also implement measures to ensure fair pay practices, including hiring an industrial consultant and conducting pay studies over the next three years.

personal-finance1 year ago

Women and Gen X Face Retirement Savings Crisis

Women face significant challenges in saving for retirement due to lower earnings, longer lifespans, and caregiving responsibilities. Reports show that women have significantly less retirement savings compared to men and are more likely to experience financial insecurity in retirement. Experts suggest strategies such as saving aggressively when young, investing in annuities, paying off mortgages before retirement, planning to work longer, and delaying Social Security benefits to improve financial stability in retirement.

health-care1 year ago

"Physician Burnout and Pay Disparities Highlighted in 2023 Study"

A new survey reveals a burnout crisis among U.S. doctors due to low pay, high workloads, and a labor shortage, threatening the health care system. Around 81% of physicians feel overworked, with many considering early retirement. Administrative burdens and a significant gender pay gap exacerbate the issue. Solutions like increased education funding, loan forgiveness, virtual visits, and AI tools for administrative tasks are suggested to alleviate the crisis.

sports1 year ago

"Caitlin Clark: Debunking Myths and Embracing Midwest Roots in the WNBA"

Caitlin Clark's $76,535 salary as the first pick in the WNBA draft has sparked a conversation about the gender pay gap in professional sports, highlighting the disparity between WNBA and NBA player salaries. While WNBA players acknowledge the league's younger age and smaller revenue pool, they advocate for fair compensation based on a percentage of revenue shared. The economic differences, underinvestment in the WNBA, and lack of bargaining power have contributed to the wide pay gap. As the WNBA aims for expansion and increased media rights, players hope for higher salaries and improved benefits in the future.

sports1 year ago

"Caitlin Clark's WNBA Salary Sparks Debate and Fashion Statements"

Caitlin Clark, the No. 1 overall pick in the WNBA draft, is set to receive a base salary of $338,056 over the next four years, highlighting the stark gender pay gap in professional basketball. This revelation has sparked outrage and dismay, with comparisons to the significantly higher salaries of male athletes. Despite the low base salary, Clark and other female athletes have the potential to earn more through endorsements, and their impact on women's sports may lead to increased payouts in the future. The disparity in pay has drawn criticism from public figures and athletes, reigniting the conversation about equal pay in sports.

entertainment1 year ago

Olivia Colman Calls Out Hollywood Pay Gap for Women

British actress Olivia Colman spoke out about the gender pay gap in an interview with CNN, stating that she would be earning significantly more if she were a man. She emphasized that there is no justification for paying women less than men in the industry, and expressed frustration with the disparity in pay. Colman and director Thea Sharrock were discussing their new film, "Wicked Little Letters," which revolves around a poison pen letter scandal in an English seaside town.

entertainment1 year ago

Olivia Colman Speaks Out Against Hollywood Pay Gap

Actress Olivia Colman criticized the gender pay gap in Hollywood during a CNN appearance, stating that male actors are paid more despite outdated beliefs about drawing in audiences. She highlighted a 12,000% pay disparity and expressed frustration similar to that of actress Taraji P. Henson, who also spoke out about the gender and racial pay gaps. The U.S. Department of Labor's recent report revealed that women earn 84% of what men do in full-time, year-round jobs, with job differences being a major factor.

entertainment1 year ago

Olivia Colman Calls Out Hollywood Gender Pay Gap

During an appearance on CNN's "The Amanpour Hour," Oscar-winning actress Olivia Colman criticized the gender pay gap in Hollywood, stating that male actors still get paid more despite the outdated notion that they draw in audiences. She also revealed experiencing pay disparity herself, emphasizing that if she were male, she would earn significantly more. Colman's comments echo the sentiments of other actors, such as Taraji P. Henson, who have spoken out against pay disparities in the industry.

politics1 year ago

"Closing the Gender Pay Gap: Addressing Inequality in 2024"

On Equal Pay Day, it's revealed that women working in the White House under President Biden earned 80 cents for every $1 men earned in 2023, wider than the national average. The pay gap was even wider in the Trump administration. Despite Biden's advocacy for pay equity, targeted legislation has not been passed. The concentration of women in lower-paid jobs contributes to the wage gap, reflecting a broader workforce phenomenon. Biden has made efforts to improve equity in the federal workforce, but challenges remain in addressing pay parity.

gender-equality1 year ago

"Unveiling the Persistent Gender Wage Gap on Equal Pay Day"

On Equal Pay Day, it's highlighted that women still earn 84 cents for every dollar men make, or even less when factoring in part-time and seasonal work. President Biden acknowledged the ongoing fight for equal pay despite progress, and education doesn't level the playing field as women with master's degrees earn 72 cents for every dollar men with the same degree make. The enduring wage gap is attributed to employer treatment and women's choices about work and family. The Biden administration aims to narrow the gap by addressing job sector differences and promoting initiatives to recruit more women in high-demand fields. Additionally, women in leadership positions have been steadily increasing, with a record number of 52 women leading Fortune 500 companies last year.

demographics1 year ago

South Korea's Fertility Rate Hits Record Low Despite Billionaire's Bonus

South Korea's fertility rate, already the world's lowest, dropped to a record low of 0.72 in 2023, with concerns about career advancement and the financial cost of raising children leading women to delay childbirth or opt not to have babies. The country's population decline poses a significant risk to economic growth and the social welfare system, with efforts to reverse the trend, such as increased public housing and easier loans, being a focus in upcoming elections. South Korea's demographic crisis mirrors similar challenges in neighboring Japan and China, where fertility rates have also hit record lows, prompting unprecedented steps to address the declining birthrate.