The "wage gap" refers to the difference in earnings between different groups of people, often highlighted between genders or races. For example, studies show that women, on average, earn less than men for similar work. This disparity can be influenced by various factors, including job type, experience, and hours worked, but it often persists even when these factors are considered.
Addressing the wage gap involves understanding its causes and implementing policies to promote equal pay. Organizations and governments may focus on transparency in salaries, encouraging fair hiring practices, and supporting initiatives that empower underrepresented groups in the workforce, such as women and people of color.