“Madden found that female stockbrokers tend to receive inferior accounts and sales opportunities compared to their male colleagues, which leads to women’s lower salaries. About 1 in 3 full-time stockbrokers are women, and on average, they earn two-thirds of the salaries of their male colleagues.”
Alpha Consumer: Hidden Sexism at Financial Firms
“You can see inequality as being like cholesterol: good and bad. It’s good because it does provide incentive for people to work harder and to invest better and to invent things, but then on the other hand, it has a negative impact where you have an entrenched elite that basically maintains its own high position to the detriment of others.”
The Wealth Gap Around the World: The World Bank’s Branko Milanovic discusses The Haves and the Have-Nots
Gender Gap in Starting Doctor Pay Grows
The average starting salary for a female physician in 2008 was $16,819 less than a male physician, a huge increase from the $3,600 gap in 1999, finds a new U.S. study.
The reason for this large difference isn’t known because it isn’t explained by gender differences in choice of specialty, practice type or working hours, the researchers said.
Health Disparities Persist in U.S., Report Shows
Excerpts from a CDC report on health disparities:
- In 2007, white men were two to three times more likely than white women to die in motor vehicle crashes — 21.5 vs. 8.8 per 100,000. The gender difference was similar in all racial/ethnic groups.
- In 2007, men of all ages and races/ethnicities were about four times more likely than women to die by suicide — 18.4 vs. 4.8 per 100,000.
- Rates of drug-induced deaths in 2007 were highest among whites (15.1 per 100,000) and lowest among Asian/Pacific Islanders (2 per 100,000).
- High blood pressure is much more common among blacks than whites (42 percent vs. 29 percent), and rates of blood pressure control are lowest among Mexican-Americans (31.8 percent) and highest among whites (46.5 percent).
- People with lower incomes have higher rates of hospitalization. Eliminating this income-related disparity would prevent about one million hospitalizations and save $6.7 billion in health-care costs each year, according to the federal Agency for Healthcare Research and Quality.
- While rates of teen pregnancy and childbirth have been falling or holding steady for all racial/ethnic minorities, disparities persist. Birth rates for Hispanic teen girls (77.4 per 1,000 females) and black teen girls (62.9 per 1,000 females) are three and 2.5 times higher, respectively, than for white teen girls (26.7 per 1,000).
- In 2009, rates of binge drinking were: 18.5 percent for those with annual incomes of $50,000 or more; 12.1 percent for those with incomes of $15,000 or less; 17.4 percent for college graduates; and 12.5 percent for those with less than a high school education. However, people who binge drink and have an annual income of $15,000 or less binge drink more frequently (4.9 vs. 3.6 episodes) and, when they do binge drink, drink more heavily (7.1 vs. 6.5 drinks).
