White Coat Investor Podcast

WCI #310: The Wage Gap in Medicine

Apr 13, 2023
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ANECDOTE

Dr. Jain's Personal Bias Story

  • Dr. Shikha Jain shared her personal experiences of gender bias throughout her medical career, including unfair assumptions during maternity leave and being overlooked for opportunities.
  • These challenges motivated her to create the Women in Medicine Summit to address systemic barriers and provide solutions.
INSIGHT

Gender Wage Gap Is Real

  • The gender wage gap in medicine is undeniable and backed by extensive data.
  • Even after adjusting for factors like maternity leave and hours worked, female physicians can lose up to $2 million over a 40-year career.
INSIGHT

Invisible Labor Devalues Women

  • Women in medicine often perform uncompensated "citizenship tasks" like DEI work and wellness initiatives.
  • This invisible labor is undervalued and contributes to the persistent wage gap despite excellent patient outcomes by women.
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