gender pay gap

Claudia Goldin is the newest winner of the Nobel Prize in Economics. We spoke with her in 2016 about why women earn so much less than men — and how it’s not all explained by discrimination. 

SOURCES:

• Claudia Goldin, professor of economics at Harvard University.

It's the start of the FIFA Women's World Cup! Daily Show correspondents Desi Lydic and Hasan Minhaj argue that the US Women's Soccer Team should get to over-celebrate and make as much money as the men's team. Plus, Women's World Cup champions, Abby Wambach and Megan Rapinoe, encourage female soccer players to fight for pay equity. 

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Today, women in the United States are paid 22% less than men on average. Twenty years ago, that number looked about the same, despite women’s many advancements in education and the workforce.

The gender pay gap is stark, stubborn and often misunderstood in its intricacies.

On the show today, Elise Gould, senior economist at the Economic Policy Institute, unpacks why the gender pay gap hasn’t really budged in the last two decades, what people get wrong about it and what needs to change to finally close it.

In the News Fix: One Republican lawmaker is stalling military promotions to keep service members from getting better access to abortion care. His colleagues are not pleased. And, the Senate has started hearings on the failures of SVB and Signature Bank. We’ll discuss the mind-blowing speed of the banks’ meltdowns and the group chat behind it all.

Later, one listener tells us about a restaurant subscription they love. And in the spirit of cherry blossom season, this week’s answer to the Make Me Smart question comes from Diana Parsell, author of “Eliza Scidmore: The Trailblazing Journalist Behind Washington’s Cherry Trees.”

Here’s everything we talked about today:

• • It’s Equal Pay Day. The salary gap between men and women isn’t shrinking. from NPR

• • “‘Women’s work’ and the gender pay gap: How discrimination, societal norms, and other forces affect women’s occupational choices—and their pay” from the Economic Policy Institute

• • “As Women Take Over a Male-Dominated Field, the Pay Drops” from The New York Times

• • “Gender pay gap figures: debunking the myths” from The Guardian

• • “Why do some people get paid more than others?” from Marketplace’s “Million Bazillion”

• • “The Republican senator who is stifling the Pentagon over abortion” from Punchbowl News

• • “Defense chief slams Tuberville’s hold on Pentagon nominees over abortion policy” from The Hill

• • “‘It’s a powerful effect’: Austin fires back at GOP senator’s blockade of military promotions” from Politico

• • “US Officials Signal New Rules for Banks After SVB, Signature Failures” from Bloomberg

• • “Senate holds its first hearing into SVB and Signature Bank failures” from NBC News

• • The FTC wants to make it easy to cancel subscriptions from The Washington Post

• • Diana Parsell’s “Eliza Scidmore: The Trailblazing Journalist Behind Washington’s Cherry Trees”

What have you been wrong about lately? We want to hear your answer to the Make Me Smart question! Leave us a voice message at 508-U-B-SMART, and your submission may be featured in a future episode.

Childcare in the UK is among the most expensive in the world, with parents spending an average of two thirds of their salary on nursery costs for children under two. Host Claer Barrett speaks to Joeli Brealey, author and founder of campaign group Pregnant then Screwed, about why the UK childcare system is in crisis. She also hears from Megan Jarvie, the head of Coram Family and Childcare, about how to navigate a complicated system of government support for families with young children. Plus, mother Jess tells Claer how unaffordable nursery costs pushed her out of full-time work..

Money Clinic is keen to hear from listeners. If you would like to get in touch, please email us at money@FT.com or DM Claer on social media. She is @ClaerB on Twitter, Instagram and TikTok.

Want more?

England’s childcare in crisis as costs rise and staff leave https://www.ft.com/content/f07886fa-becc-4491-88e0-dbfe2c07c225

What’s driving the rich world’s falling fertility? https://www.ft.com/content/2f90b924-3122-4548-85fa-4c5a775c2cae

Childcare: female-led social enterprises tackle dysfunctional system https://www.ft.com/content/d576fedd-6577-4c4c-98ac-f3c73fcf6346

Joeli Brearley and Pregnant then Screwed can be found at https://pregnantthenscrewed.com/

Further details on childcare options in Scotland, Wales and Northern Ireland, can be found here: https://www.familyandchildcaretrust.org/help-your-childcare-costs

To download the FT Edit app, click here https://apps.apple.com/app/apple-store/id1574510369?pt=246269&ct=FT-E-22Q4-HAD-AD-US-Anon&mt=8

Presented by Claer Barrett. Produced by Persis Love and Philippa Goodrich. Executive producer is Manuela Saragosa. Sound design is by Breen Turner, with original music from Metaphor Music. 

Read a transcript of this episode on FT.com

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Grab a FREE ticket to The Elevate Show by monday.com here.

In this episode, Olivia is joined by Lidia Infante, Senior SEO Manager for Sanity.io. She’s also a speaker for the likes of BrightonSEO and Mozcon as well as an author and verified on Twitter! 

After first meeting at a Connective3 event early in 2022, Lidia and Olivia chat all things women in marketing. Why are men twice as likely to become director? Four times as likely to become CEO? We’re unpacking everything today.

If you want to learn more about gender and women in marketing, give this episode a listen.

Today on the Matt Walsh Show, Democrats attempt to legalize abortion through every stage of pregnancy up until birth, nationwide. Meanwhile, people are getting sent to prison for killing bald eagles and harassing turtle eggs. Our law — and Democrat policies — literally place animals and bugs above human beings. We’ll discuss. Plus, Handmaid’s Tale cosplayers show up at Amy Coney Barrett’s house and proceed to embarrass themselves. Because what else could they possibly do? And a Republican senate candidate is caught on a tape in shocking video claiming that the gender pay gap is a myth. This is a huge scandal. He’s also completely right. For our Daily Cancellation, we will attempt to make sense of the latest gender innovation: cake gender. 

The Daily Wire will take a wrecking ball to all the lies the abortion industry is built upon. Become a member and tune in to our documentary on abortion “Choosing Death: The Legacy of Roe”: https://utm.io/uezgd 

I am a beloved LGBTQ+ and children’s author. Reserve your copy of Johnny The Walrus here: https://utm.io/uevUc.

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Today’s Sponsors: 

Charity Mobile sends 5% of your monthly plan price to the Pro-Life charity of your choice. Mention offer code WALSH when you call 1-877-474-3662 or chat online at charitymobile.com. 

Learn more about your ad choices. Visit podcastchoices.com/adchoices

Marriage and money. Opinions on these two topics certainly run the gamut. But whether you’re currently married, planning to get married, or marriage is the furthest thing from your mind, women’s relationship to money can be a tricky thing to unpack. And there’s good reason for this: the patriarchy has had its hands in women’s relationship to money since humans have roamed the earth.

So, how do we begin to understand some of the thoughts we’ve long held when it comes to money, and shift them if we want to? Tune in to this week’s episode as board-certified dermatologist and wealth coach Dr. Bonnie Koo and I take a look at prenups, the twofold reason women tend to make less money than men, the importance of contracts in marriage and money, and more.

Get full show notes and more information here: https://unfuckyourbrain.com/235

Tim Harford talks to Planet Money’s Stacey Vanek Smith about the gender pay gap in the US and the UK – and how Renaissance writer, Machiavelli might be an unlikely source of inspiration for women in the workplace.

Ellevest co-founder and CEO Sallie Krawcheck gives her take on the state of gender pay equity and workplace diversity and describes how her company empowers female investors.

See omnystudio.com/listener for privacy information.

It’s a big, expensive, global mystery. Why do women still make less money—a lot less—than men? In the US, the average woman makes 80 cents to every dollar a man makes. Launching May 9, the Pay Check is an in-depth investigation into what that 20 percent difference looks like. In this miniseries we'll show you how the gender pay gap plays out in real life. We'll hear from Lily Ledbetter, Mo’Nique, and a lot of other women who weren’t happy to be paid less. We'll find out what happens when a whole country tries to tackle the pay gap. And we'll talk to some women who are taking things into their own hands.

See omnystudio.com/listener for privacy information.

The gig economy offers the ultimate flexibility to set your own hours. That's why economists thought it would help eliminate the gender pay gap. A new study, using data from over a million Uber drivers, finds the story isn't so simple.

Discrimination can't explain why women earn so much less than men. If only it were that easy.