According to a study published on PayScale, the legal industry has one of the highest wage gaps not influenced by education or experience, as high as 38.6 percent. While this gap is outrageous at first glance and may appear to never close, there are some noticeable caveats to that statistic. First, while there are more women working in legal professions than men (at 68 percent), men dominate the higher-paying and higher-ranking legal jobs. This statistic also includes legal support workers, paralegals, and secretaries, which slightly skew the statistics because these lower-status jobs are more likely to be filled by women.
Asking for a promotion, higher compensation or even partnership in an organization is a highly marketable skill. Yet it is a well-known fact that there is a huge gap in pay and representation between women and men in senior positions. There are a variety of factors that may contribute to this gap, but one potential answer is that women don't negotiate as hard, or as often, as men.
That’s not the whole story. The real question is: why don't women negotiate more?
As August closes with the long Labor Day weekend, we are recapping this past month’s book club selection, A Uterus is a Feature, Not a Bug by Sarah Lacy.
The Greater Pittsburgh chapter of the Women's Energy Network hosted members for a half day conference as part of their Leadership Series. As a group, we dove into the findings from the World Economic Forum's Global Gender Gap with the 2018 International Women's Day theme of "Press for Progress" in mind.
As women, we have more power over our personal finances than we think we do. We just need to own that power. We may not be able to change the gender wage gap overnight but if each of us take constructive steps to increase our own power and knowledge around the subject of money, and teach our daughters, nieces, and granddaughters to do the same, the wage gap will be a relic of the past.