Miami Club Casino Company operates an online casino for American players and employs a diverse workforce. Within its organization, it has both front-of-house roles (e.g., dealers, hosts, servers) and back-of-house roles (e.g., finance, marketing, management). We analyzed the income of male and female casino laborers within the gambling company in the first half of 2023 and revealed that the gender wage gap for front-of-house roles at Miami Club Casino was the smallest like in the whole gambling industry (~4%). The research also revealed that the max gap was seen in the Construction sphere (~29%) following the Financial industry (~28%).
It is a significant issue that has not been resolved, despite gradual improvements. There are a multitude of things that provoke this inequality including variance in career choice, and whether or not a female laborer has children.
Gender Wage Gap By Industries
It’s worth noting that the difference may change over time due to various factors, including policy changes, societal attitudes, and economic conditions. Below is a general rating of industries based on the gender pay gap, from the largest gap to the smallest:
- iGambling: Like many other industries, the gambling industry may also face gender pay disparities.
- Finance and Insurance: The finance and insurance industry has historically exhibited one of the widest gender wage gaps. This sector includes roles in banking, investment, insurance, and financial services.
- Information Technology (IT) and Tech: The tech industry has been notorious for having a significant gender pay gap, especially in technical and engineering positions.
- Healthcare: While women make up a substantial portion of the healthcare industry, there is still a notable gender wage gap, particularly in specialized medical fields and leadership roles.
- Legal Services: The legal profession has shown a considerable pay gap, especially at senior levels in law firms and corporate legal departments.
- Marketing and Advertising: In marketing and advertising, gender pay disparities have been observed, especially in higher-paying roles and leadership positions.
- Education: The education industry also experiences a gender wage gap, with disparities often more pronounced in administrative and leadership roles.
- Manufacturing and Engineering: Industries related to manufacturing and engineering have demonstrated a moderate gap, especially in higher-skilled technical roles.
- Retail: The retail sector has shown a moderate wage gap, particularly in management and executive positions.
- Hospitality and Food Services: In this industry, the gender wage gap is more apparent in higher-paying roles like restaurant management and hotel executives.
- Non-Profit and Social Services: While non-profit organizations generally have a more equitable pay structure, there can still be gender pay disparities, particularly in leadership roles.
- Arts and Entertainment: The gender wage gap in the arts and entertainment industry can vary significantly depending on the specific occupation or job.
- Public Administration and Government: In government jobs, the gender pay gap has been relatively smaller compared to some other industries.
Be aware that these ratings are based on historical data and general trends and may not reflect the current state of the gap in each industry. Additionally, the wage gap can vary within each industry based on factors such as job type, location, education level, and years of experience.
Equal Pay Is The Key to Flourishing Economy
A woman’s pay is still not on par with that of a man, and the gender wage gap has barely budged in recent years. It has been a significant issue in the United States for decades, and recent data suggests that it may take over 100 years to close.
The most prevalent explanations for the persistent difference in salary between female and male laborers include, but are not limited to: lower salaries among female workers; lack of equal opportunity and access to higher paying jobs; differences in experience levels, education levels, hours worked per week, work performance ratings, or career interruptions; societal norms that create barriers for working mothers and caregivers of both genders.
This disparity has a significant impact on the economy as it affects the spending power of women. When people receive less pay, their ability to spend is limited, which means they don’t have as much buying power in the marketplace or stimulate economic growth through their spending power. It isn’t just an economic issue; it also affects people’s health as well as their well-being.
The Solutions
To address the discrepancy in income between female and male laborers demands a multifaceted approach that involves all stakeholders.
- Raise Awareness
- Salary Transparency
- Special Laws and/or Policies
- Eliminate Hiring Bias
- Support Training and Career Development
- Address Occupational Segregation
- Support Women-Owned Businesses