A wage differential refers to the difference in earnings between individuals or groups performing the same or similar tasks. Synonyms for wage differential include pay disparity, income gap, wage gap, salary discrepancy, and earnings inequity. In many cases, wage differentials can be attributed to factors such as education, experience, gender, race, and geographic location. Wage differentials can also be influenced by labor market factors such as job demand, skill shortages, and industry standards. Narrowing the wage differential and promoting pay equity has become a widespread concern across many industries and organizations, with many pushing for policies aimed at addressing pay disparities and ensuring fair compensation for all employees.