Wage disparities refer to the differences in earnings between various groups of people, often based on factors such as gender, race, or education level. For example, studies have shown that women, on average, earn less than men for similar work, a phenomenon often referred to as the gender pay gap. Additionally, individuals from certain racial or ethnic backgrounds may also experience lower wages compared to their counterparts. These disparities can be influenced by various factors, including discrimination, occupational segregation, and differences in work experience. Addressing wage disparities is important for promoting fairness and equality in the workplace, as well as improving overall economic stability for affected groups.