Do Men Really Earn More Than Women?

DO MEN REALLY MAKE MORE MONEY THAN WOMEN? When you compare men and women's overall earnings, men out-earn women. But, when you compare pay for men and women who are similarly qualified and working the same job, this gender pay gap typically drops below the ~80 cents on the dollar figure often reported. DIFFERENCE IN ANNUAL PAY BY GENDER I MEN I WOMEN I PERCENT DIFFERENCE SOFTWARE 4% DEVELOPER PROJECT MANAGER, 4% CONSTRUCTION COMPUTER SYSTEMS 3% ADMINISTRATOR REGISTERED 29% NURSE ELEMENTARY 1% SCHOOL TEACHER HUMAN RESOoURCES 1% (HR) ADMINISTRATOR $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 Median Annual Pay Men's wages grow for a longer period of time and achieve higher levels than women's, on average. WHY? JOB CHOICE: Overall, men and women gravitate toward different careers. The most popular choices for men tend to pay higher than the most popular choices for women. FAMILY RESPONSIBILITIES: Women's pay growth stops out-pacing men's at around age 30, which is when college-educated women typically start having children. PERCENT GROWTH IN PAY BY GENDER (FOR THOSE WITH COLLEGE DEGREES OR HIGHER) MEN III On average for men, pay stops growing at age 48. Their typical wage at this point is $95,000 per year. WOMEN III 160% College-educated women typically begin having children at age 30. 140%- 120% 100% 80%- On average for women, pay stops growing at age 39. Their typical wage at this point is $60,000 per year. 60% 40% - At age 22, the median annual pay for men is $40,800 and for women it is $31,900. 20%- 0%- 22 27 32 37 42 47 52 57 62 67 AGE THE EFFECTS OF JOB CHOICE COMMON JOBS FOR MEN Source: US Bureau of Labor Statistics SOFTWARE PROJECT MANAGER, COMPUTER SYSTEMS DEVELOPER CONSTRUCTION ADMINISTRATOR I MEN I WOMEN 11% 10% 89% 91% 90% Median Pay (Under 5 Years Experience) Median Pay (20-25 Years Experience) SOFTWARE 62% growth DEVELOPER PROJECT MANAGER, 72% growth CONSTRUCTION COMPUTER SYSTEMS 70% growth ADMINISTRATOR $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 COMMON JOBS FOR WOMEN Source: US Bureau of Labor Statistics REGISTERED NURSE ELEMENTARY SCHOOL TEACHER HUMAN RESOURCES (HR) ADMINISTRATOR I MEN I WOMEN 10% 11% 14% 89% 86% 90% Median Pay (Under 5 Years Experience) Median Pay (20-25 Years Experience) REGISTERED 32% growth NURSE ELEMENTARY SCHOOL TEACHER 57% growth HUMAN RESOURCES 27% growth (HR) ADMINISTRATOR $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Sources: 1. http://www.bls.gov/opub/ted/2012/ted_20120110.htm 2. http://www.payscale.com 3. http://articles.latimes.com/2011/jan/09/opinion/la-oe-gregory-birthrate-20110109 : PayScale See the methodology: http://www.payscale.com/gender-lifetime-earnings-gap WAGE GROWTH