Erin Duffy published a memoir called ‘Bond Girl’, based on her real life. She outlines a terrible situation of a woman working in the New York City financial district, Wall Street. Colleagues of her protagonist make her go to Philadelphia to take their lunch and call her ‘girlie’. She also suffers different humiliations from them such as bonuses of lollipops and has not been given an appropriate workplace for months.
Janice Fanning Madden, a professor from the University of Pennsylvania, said that Erin Duffy’s character shows a typical manifestation of sexist culture the U.S. society has faced today. He conducted a research and found out that women got lower salaries than their male colleagues. For instance, a third of share brokers are females and they earn 33% less than men. Ms. Madden got access to the gender wage gap data of the mid-1990s and analyzed it thoroughly. According to these facts, female stockbrokers earned less money because they managed to sell fewer securities.
However, the professor concluded that it was not performance of women that had caused the gap. Instead, it was their inferior accounts and assistance systems, which harmed their wages and opportunities to compete for privileges awarded for high performance results. When women got accounts of higher value they managed to perform better than men. The Wharton School belonging to the University of Pennsylvania states that Madden’s research is of a great significance because it covers the aspect of female discrimination in the payment systems based on performance such as those used by brokerage houses.
There are more studies on the gender wage gap and unequal opportunities men and women have today. Financial Finesse, a provider of education programs on workplace and finances, has found out that only 43% of females have an emergency fund compared to 63% of men. According to Ameriprise Financial, women usually only discuss money issues with their families, while their men colleagues financially assist certain purchases such as cars.