Today, women comprise only 25 percent of the STEM workforce, 4 percent of Fortune 500 CEOs, and earn 79 cents for every dollar paid to men, amounting to an average income difference of $10,762 per year. The numbers tell the story—gender inequality is still a pervasive problem in the U.S.
The collision between the Millennial generation’s expectations and reality was in full display recently, as 25-year-old Yelp employee Talia Jane wrote an open letter to the company’s CEO complaining about her job and was promptly fired.
How much does a CEO make compared to the average worker? If you’re like most Americans (many economists included), you probably have an estimate in your head that roughly translates as “too much.” Pressed for a number, you might come up with a figure around 30 to 1.
The television show Mad Men gets much of its insight from holding up a bygone work era to spotlight just how much societal views have changed in a short time and how unenlightened those notions seem today in retrospect.