Women earn less than men even right out of school: report
One of today’s more intriguing economic storylines concerns the wage gap between genders, which we’ve covered plenty on this site.
Though the notion often comes with several rationalizations. For instance, people contend women aren’t paid as much as men on the whole simply because they reach executive roles in far fewer numbers than their male counterparts.
This is correct – the world’s CEOs are overwhelmingly male – but it also conceals a further point: women aren’t only paid less than men late in their careers, when many males are climbing the corporate ladder, but right out of the gate, too.
By figures in a recently released study, women in the U.S. even begin their professional lives at a pay disadvantage to men.
According to the American Association of University Women, which used Department of Education data from 2009, within one year of graduating a post-secondary institution men already earn more than women.
After just 12 months out of school, men pull in salaries averaging US$42,918, while women earn only US$35,296.
That’s a near 22 per cent difference, and a figure that comes with even more discouraging news for women.
The study’s data shows that salary discrepancies exist no matter what programs women graduate from.
Nine different fields were surveyed for the report, and the pay gap between men and women fell in line in each one of them.
So while, as the study found, engineering grads earn more than graduates from many other fields, female engineering alums earn still only 88 per cent of what male engineering alums do in the real world.
By Jason Buckland, MSN Money