Companies Retaining Women Simply Because they are Cheaper

Pay difference While the industries most heavily hit by the recession are male-dominated, such as automotive, manufacturing, construction and finance, it would seem that many companies are keeping their women for a variety of reasons – one of which is that their salaries are less on average! This may be the only benefit I have ever heard regarding the gender pay gap, but as discussed in Voice of America this may be an upside for women who may worry about holding on to their jobs at all. As explained in an article by Ted Landphair in an article entitled "It pays, for a change, to be a woman in the workplace" …" there are other reasons why job prospects for women are brighter right now than they are for men. Women make less money than men in many comparable jobs. That infuriates women's-rights advocates, but it makes women more attractive to employers who are cutting costs to weather the recession. Many industries have culled their executive and veteran workforce – men, by and large – by paying older workers to retire."  Interesting upside, I only hope the "benefits" of women in the workplace continue long after the recession.

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