WalletHub: On Women’s Equality Day, LA Ranks 5th Worst State For Gender Parity In The Workplace

NEW ORLEANS – To honor Women’s Equality Day, Friday, August 26, 2016, personal-finance website WalletHub conducted an in-depth analysis of 2016’s “Best & Worst States for Women's Equality,” and found Louisiana to be the 5th worst gender-egalitarian state.

         In order to determine the ranks, WalletHub’s analysts compared the 50 states across 15 key metrics with data set ranges including the gap between female and male executives to the disparity between women’s and men’s unemployment rates.

         WalletHub’s Louisiana rankings include:

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33rd – Entrepreneurship Rate Disparity

42nd – Earnings Disparity

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44th – Work Hours Disparity

50th – Minimum-Wage Workers Disparity

50th – Political Representation Disparity

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         WalletHub’s reports reads:

         Women’s rights in the U.S. have made leaps and bounds since the passage of the 19th Amendment. Yet many women still struggle to crack the proverbial glass ceiling. Feminist or not, any American can easily discern the disgracefully wide gender gap in 21st-century America. In 2015, the U.S. failed to make the top 10 or even the top 20 of the World Economic Forum’s ranking of the most gender-equal countries — currently in 28th position and falling eight places behind several developing nations since 2014.

         Perhaps most apparent about the issue is how far gender inequality stretches in the workplace. Despite women’s advances toward social equality, they continue to be disproportionately underrepresented in leadership positions. According to the Center for American Progress, women “are only 25 percent of executive and senior level officials and managers, hold only 19 percent of board seats, and are only 4.6 percent of Fortune 500 CEOs.” And though they constitute the majority of the financial-services and health-care labor forces, not a single woman in these fields helms her organization.

         Apart from unequal representation in executive leadership, salary inequity also has been central to the gender-gap debate. Few experts dispute the existence of an earnings gap between women and men, but accurately measuring the disparity remains a challenge. The fact remains, however, that about two-thirds of minimum-wage workers across the country are female, according to the National Women’s Law Center. Unfortunately, women still have too few voices in government to help them achieve full social and economic equality in the near future.

 

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