Friday, August 03, 2007

New Wrinkles in Gender Wage Gap

New Census Bureau analysis presented by the New York Times,
which led with the good news:

In a few large urban areas (NYC, Chicago, Boston, Minneapolis, Dallas), young women 21-30 are now earning more than young men. 117% in NYC, 120% in Dallas.
*One reason is because more women graduate from college, and young, college-educated women are concentrated in urban areas, so that young women on average are more educated than young men. "In 2005, 53 percent of women in their 20s working in New York were college graduates, compared with only 38 percent of men of that age."
* But even among certain college-educated jobs, young women are earning more than young men. "Women in their 20s now make more than men in a wide variety of other jobs: as doctors, personnel managers, architects, economists, lawyers, stock clerks, customer service representatives, editors and reporters."

Andrew Beveridge, who did the demographic analysis which originally appeared in the Gotham Gazette, led with the big picture:
"For those with all levels of education, including college and beyond, wages today have yet to catch up with the “real” wages (in other words, adjusted for inflation) that twentysomethings received in 1970. Men have seen their real wages fall substantially and women outside of New York have seen only very modest gain."

2 comments:

Andrew said...

While this trend toward equality is definitely cause for celebration on the part of women, I find it troubling that it's happening due in large to men's wages falling. It would be better for everyone if women's wages were trending toward equality due to them growing faster than men's wages.

Also, the numbers do not bode well for young couples wanting to start families. According to the article, a 20-something male/female couple raising a child in 1970 would earn $62,788 total, but now in 2005, that same couple would earn only $53,990. Not good.

CreditcadrPlayer said...

Good news. Women at last have had the main indicator of equal rights. Their social competence has got an economic confirmation.