Saturday, September 4, 2010

Woman are getting paid.. Men catch up


There used to be a time where men would walk around singing “THIS IS A MAN’S WORLD” (in a James Brown voice) but TIMES ARE CHANGING… TIMES ARE CHANGING!!! According to the Wall Street Journal, back in 2008, single childless women are bringing home more bacon than men. In most cities, small and big, women are earning an average of 8% greater than men and especially in Atlanta, the women are leading…
Even though the state of the economy has been in a downfall, women are still holding it down and according to experts, they will continue to elevate…
The earning power of young single women has surpassed that of their male peers in metropolitan areas around the U.S., a shift that is being driven by the growing ranks of women who attend college and move on to high-earning jobs.
In 2008, single, childless women between ages 22 and 30 were earning more than their male counterparts in most U.S. cities, with incomes that were 8% greater on average, according to an analysis of Census Bureau data released Wednesday by Reach Advisors, a consumer-research firm in Slingerlands, N.Y.
Real Time Economics
The trend was first identified several years ago in the country’s biggest cities, but has broadened out to smaller locales and across more industries. Beyond major cities such as San Francisco and New York, the income imbalance is pronounced in blue-collar hubs and the fast-growing metro areas that have large immigrant populations.
The greatest disparity is in Atlanta, where young, childless women were paid 121% the level of their male counterparts, according to Reach Advisors.
These women have gotten a leg up for several reasons. They are more likely than men to attend college, raising their earning potential.
Between 2006 and 2008, 32.7% of women between 25 and 34 had a bachelor’s degree or higher, compared with 25.8% of men, according to the Census.
And men have been disproportionately hit by heavy job losses in blue-collar industries.
“I expect the trend to continue,” said Andrew Beveridge, a professor at Queens College at the City University of New York, who has studied the phenomenon.
Women still have a long way to go when it comes to equal pay but eventually that too will change!!!

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