We previously expressed the view that the gender gap in the U.S. employment markets has evolved little despite President Obama’s efforts on behalf of women since his Inauguration, congress has prevented most of his measures from being enacted. But the first bill the president signed into law, the Lilly Ledbetter Fair Pay Act (2009), struck down a court decision disadvantaging women who claims discrimination in the work place. The measure, and others, provided a modicum of progress for employed women.
As we have observed previously in this Blog, progress has been tragically slow. Women hold a mere 4.8 percent of Fortune 500 CEO positions. Almost a quarter of the firms on the same list have no women in executive positions. Google reported that only 17% of its technology workers are female.
Naturally, those figures are viewing the top of the employment spectrum. For those of us who live and work below the top rung, in the vast middle class, treatment of women is little better. Actually, it is worse.