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Pay Inequality Narrows Gap

Pay Inequality Narrows Gap

Women still aren’t paid on an equal par with men, but the gap is closing.  New figures released by Pew Research Center show that women are now paid 93-cents for every dollar a man is paid, compared to 60-cents in the 1960’s. 

“If you look at Texas,” says Michael Cline, Associate Director of the Rice University Hobby Center for Study of Texas, “From the American Community Survey, those gaps are greater than the nation as a whole.  But compare 2012 to 2000 and there is a closing of the gap.”

There are more female college graduates than males, and that is making a difference, up to a point.  38% of women aged 25-32 have a college degree, compared with 31% of men.  However as female graduates age, the gap in income based on gender becomes wider, back to a national average of 84-cents for each dollar a man earns.

The US Census Bureau’s analysis of the wage gap comes up with different figures.  “Well, based on the data that we collect in the current population survey, and if we look at the earnings of men and women who work full-time year-round, that latest data we have is for calendar year 2012, and at the time the female to male earnings ratio stood at .765, so women were earning 76-and-a-half cents for every dollar a man earned.

A major landmark in the glass ceiling that often limits the earning power of women came earlier this week when General Motors announced that Mary Barra will assume responsibilities as CEO of the auto giant next month.

 

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