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Female Earning Power

Sep 3, 2010 • Businesses, Gender Issues, Households, Labor • 244 Views    2 Comments

Which women earn more than men?

If you are female, in your 20s, childless, unmarrried, live in a city, and a college graduate, there is a good chance that you earn more than a man in your peer group. You also represent a major change in what women earn. For decades (and before), the average working woman in the U.S. has earned less than the average working man–recently, close to 20% less.

Now, according the the Census Bureau, young women are pulling ahead because of the structural shift in the economy. A knowledge based economy with less manufacturing fuels female earnings. Also, because female minorities are more likely to attend college than their male counterparts, they earn more.

20 years from now, what will we see because of this earnings shift? Your comments?

The Economic Lesson

According to Harvard economist Claudia Goldin, the gender gap refers to labor market differences between men and women that relate to types of occupations, pay, and participation rates.

 

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  • Paige Shepperly

    We also have to take into account that it is not just more minority women attending college but if you look at the statistics of most colleges it is rare to find schools where there are more men than women. This also adds to the encouragement that both Caroline, Jen, and many other young women looking to have a high powered career receive.

  • CarolineGiroux

    Being a woman who attends an all girls school, it is information like this that strikes my interest. Five to ten years from now, this will be most of the people in my class: unmarried, childless, college graduates working in a city. It is well known that in the past women have earned significantly less than men have so it is interesting to see that the tables may be turning. 20 years from now, women will have increasingly more powerful positions in their places of work because of this earnings shift. I predict that there will be less women who quit their jobs to be “stay at home moms” because of this. Women bring different perspectives to the table than men do and it will be interesting to see how men react to women recieving more money and therefore more power in the work space.

    Caroline Giroux

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