Word: gap
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Another sign that women have yet to be fully accepted as executives is a stubborn salary gap. Separate studies by Harvard, the Rand Corp., Stanford and the Columbia University Graduate School of Business have all documented the same trend. According to Mary Anne Devanna, who conducted the Columbia study released last year, female M.B.A.s entering the work force are paid the same starting salaries as men with the same qualifications (1985 average: $28,584). But within ten years, the women fall behind by 20% in pay, regardless of the company they work for or their jobs...
Many of those who are unwilling to accept the continuing salary gap or the frustrations in reaching the very top are leaving corporations to set up their own firms. Launching a company offers some indisputable advantages. Says Kay Koplovitz, founder and president of the cable firm USA Network: "The best way to get to the top for a woman is to start there." Says Sandra Kurtzig, founder and chairman of ASK Computer Systems in Los Altos, Calif. (estimated 1985 sales: $100 million): "My being a woman is just not an issue. I'm the boss. They'd better be comfortable...
...medical care to low-income expectant mothers. The cuts, say critics, will prove expensive in the long run, because caring for undersize, ailing infants through Medicaid is many times as costly as preventive prenatal measures. In recent years, private organizations and local governments have attempted to fill the gap left by Wiccutbacks. San Francisco's TAPP, a model program that the state plans to extend to other cities, has helped reduce the incidence of low-birth-weight infants to about 4% among the teenagers it counsels, against a national average...
Even as the economy quickened, though, a major problem was looming offshore: a $145 billion U.S. trade deficit. The prime cause for the yawning gap between exports and imports was the strong U.S. dollar. American businesses found it increasingly difficult to compete in foreign markets because their wares were too expensive. At the same time, low-priced imports pummeled U.S. industries at home. The trade imbalance held back the economy and raised protectionist fervor to a level not seen since the Great Depression. More than 200 anti-import bills surfaced in Congress, including measures to keep out shoes and textiles...
...jobs with Regan in February, the Administration began taking a more active role. Less than a month after the Plaza Hotel meeting, Baker unveiled yet another ambitious blueprint for repairing the global economy, this time a plan to defuse the Third World debt bomb. Baker contended that previous stop-gap efforts to solve the problem relied too much on austerity measures that prevented developing countries from rebuilding their economies. Speaking to a conference of 9,000 moneymen in the South Korean capital of Seoul, Baker called for a three-year lending increase of $29 billion, mostly from commercial banks...