See
Gender pay gap observation by Tyler Cowen.
"…according to a new analysis of
2,000 communities by a market research company, in 147 out of 150 of the
biggest cities in the U.S., the median full-time salaries of young
women are 8% higher than those of the guys in their peer group. In two
cities, Atlanta and Memphis, those women are making about 20% more. This
squares with earlier research from Queens College, New York, that had
suggested that this was happening in major metropolises. But the new
study suggests that the gap is bigger than previously thought, with
young women in New York City, Los Angeles and San Diego making 17%, 12%
and 15% more than their male peers, respectively. And it also holds true
even in reasonably small areas like the Raleigh-Durham region and
Charlotte in North Carolina (both 14% more), and Jacksonville, Fla.
(6%).
The figures come from James Chung of Reach Advisors, who has spent
more than a year analyzing data from the Census Bureau’s American
Community Survey. He attributes the earnings reversal overwhelmingly to
one factor: education. For every two guys who graduate from college or
get a higher degree, three women do. This is almost the exact opposite
of the graduation ratio that existed when the baby boomers entered
college. Studies have consistently shown that a college degree pays off
in much higher wages over a lifetime, and even in many cases for
entry-level positions. “These women haven’t just caught up with the
guys,” says Chung. “In many cities, they’re clocking them.”
Chung also claims that, as far as women’s pay is concerned, not all
cities are created equal. Having pulled data on 2,000 communities and
cross-referenced the demographic information with the wage-gap figures,
he found that the cities where women earned more than men had at least
one of three characteristics. Some, like New York City or Los Angeles,
had primary local industries that were knowledge-based. Others were
manufacturing towns whose industries had shrunk, especially smaller ones
like Erie, Pa., or Terre Haute, Ind. Still others, like Miami or
Monroe, La., had a majority minority population. (Hispanic and black
women are twice as likely to graduate from college as their male peers.)
That is not the final word, but here is
more from Time magazine."
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