51: The Gender Pay Gap in Medicine with Dr. Linda Street

The Wealthy Mom MD Pocast with Dr. Bonnie Koo | The Gender Pay Gap in Medicine with Dr. Linda StreetIn keeping with our theme throughout Women’s History Month, I’m speaking to Dr. Linda Street, a fellow life coach and female physician about the gender pay gap that still exists in the medical field, and the unique issues that female physicians face in pursuit of equal pay for equal work.

Legally, employers aren’t allowed to pay women less than men for the same work. However, even accounting for industry variables, specialties, hours worked, and maternity leave, on average, women are still paid less than men. And the situation gets worse depending on factors like your ethnicity. So Linda and I are unpacking everything you need to know in this episode.

Tune in this week for an eye-opening discussion about the gender pay gap in medicine. We are sharing the data and factors behind this disparity in pay, and how this pay gap has been allowed to go relatively unchecked even though it is legislated against from a legal perspective. There is still so much work to do, so Linda and I are also discussing what your options are, albeit limited, as a female physician if you discover you’ve been paid less than a male colleague in the same position.

If you’re ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You’ll Learn from this Episode:

  • The data that proves the gender pay gap has not been closed as a result of existing laws on pay discrimination.
  • How the gender pay gap varies between ethnicities compared to what white men are paid.
  • Where pay has proportionally dropped in fields with an increasing majority of female specialists, still unequally between men and women.
  • How institutional gender inequality in the medical field is still being allowed to continue even though it is illegal.
  • What a lack of women in top leadership positions means for the future of the gender pay gap.
  • How you can advocate for yourself as a female physician if you are a victim of gender pay discrimination.

Listen to the Full Episode:

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