Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Pay Inequality
Pay equality has for the longest time been one of the most hotly debated topics in the corporate world. When the Equal Pay bill became law in 1963, women were averagely earning just 58.9% of what men were averagely being paid, according to the congressional committee that tabled the bill. In 2011, this percentage had increased to about 77% of what men were averagely being paid for full-time work. These statistics show that there is a somewhat entrenched mentality of paying women lower wages for a job that men would be paid higher for, despite the fact that many firms are claiming to have put in place measures to bring about gender equality in their workplaces (Dontigney, n.d.). This paper examines the issue underlying the equal pay between men and women.
Moral Arguments
Some human resource managers have argued that the difference in pay between women and men for the same work done is because of the varying return on investments. This argument is based on the belief that female employees are likely to forego investing in gaining more skills in preference of other uses of investments time and money, such as in housework. Men, on the other hand, are believed to be more likely to make investments in improving their skills for the purposes of increasing their productivity, and thus, should be paid more. Another theory...
From this viewpoint, the economy is perceived as being dualistic and made up of competitive and monopolistic companies, and its labor market is divided into two; the primary and secondary segments (Bluestone, Murphy & Stevenson, 1973). In this structural argument, an individual's position determines his or her income. And thus, monopolistic companies are likely to be paying more. Jobs that are also in the primary segment of the market also pay more generally. It is then argued that since men are the ones who form the majority of those employed in monopolistic companies and the primary segments of the economy, they will likely be earning higher salaries or wages than women in the competitive businesses or secondary labor markets (Grey-Bowen, 2010).
Economists' explanations for the discrepancy in pay of men and women have traditionally been based on two arguments. According to researchers Juhn, Murphy and Pierce (1991), these arguments are based on factors that are gender specific, in that, they refer particularly to men or women, either in terms of the treatment they are given or their qualifications. In terms of qualifications, the human capital model is particularly useful in showing the potential role that could be played by…
Bibliography
Andrews, K. (2015, July 14). Why the gender pay gap is a myth. Retrieved from The Spectator: http://blogs.new.spectator.co.uk/2015/07/the-gender-pay-gap-is-a-myth/
Babcock, L., & Laschever, S. (2003). Women don't ask Negotiation and the gender divide. Princeton: Princeton University.
Blau, F., & Kahn, L. (2007). The Gender Pay Gap. Academy of Management Perspectives, 7-23.
Bluestone, B., Murphy, W. M., Stevenson, M (1973). Low wages and the working poor. Policy papers in Human Resources and Industrial Relations 22. Ann Arbor: Institute of Labor and Industrial Relations.
Dontigney, E. (n.d.). Top Ethical Issues Facing the General Business Community. Retrieved from yourbusiness.azcentral.com: http://yourbusiness.azcentral.com/top-ethical-issues-facing-general-business-community-10641.html
Gayle, G. L., Golan, L., & Miller, R. A. (2008, November). Are there glass ceilings for female executives? Pittsburgh: Carnegie Mellon University, Tepper School of Business. Retrieved March 1, 2009, from http://comlabgames.com/ramiller/working_papers/GC100708.pdf
South Africa consequently had to arrange for a down payment of $600 million at a rate perceived to be extraordinarily high. It was too late for the country to induce any negotiations of the deal. Serious agreements ensued thus maneuvering South Africa to pay back much of the nation's hard currency debt in a short period. This led to the emergence of a new democratic regime stemming from an
Since it is well documented that the largest portion of the gas guzzler market does not have any legitimate practical need for gas guzzling vehicles, it is much more likely to be beneficial to society, on the whole, to phase out gas guzzlers. Potential injustice would also be avoided with respect to those individuals who do have a legitimate requirement for vehicles often considered "gas guzzlers." The proposal does not
Ethical Dilemmas & Marketing Ethical Dilemmas Ethical dilemmas in international marketing Background of Marketing Ethics Ethical Issues in Marketing Modern Debate in Stakeholder Theory Ethical Theories Teleological Theories Virtue Ethics Ethics in Marketing Ethical dilemmas in international marketing Humanity has long struggled with the question of what constitutes ethical behavior. The answer to this question has not always been simple or easy especially in the midst of conflicting interests. Businesses desire and need to sell products to consumers but serious issues
Emphasize the importance of courtesy, organization, and calmness to all staff members. These qualities on the part of the staff can reinforce the importance of generally good and ethical behaviour to the tourists, which may then carry over to their behaviour in the destination country. Maintain a neutral stance on the culture of the destination country or countries. Making clear that all cultures have equal value and that ethical behaviour must
Ethics of Good Business vs. Gender Inequality in Health Care In excess of any other organization, concerns that deal with patients and their well-being are of utmost significance in the healthcare industry. This is since; individuals in this business are dealing with such circumstances and environments, every day, which have a direct manner on another person's way of life. That is why, it is compulsory for all healthcare organizations to have
In addition, individuals have ethical decisions when it comes to whistleblowing, because very often, when they bring attention to a problem or concern within an organization, they pay the ultimate price - they lose their jobs, or lose the respect of their peers and management. In this, the organization is to blame, and it indicates the ethics of the organization do not encourage truth and doing the right thing. A