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The Almighty Buck

+ - Women's Pay: Lagging From the Start

Submitted by
gollum123
gollum123 writes "Time magazine reports on new data that shows women are already earning less than men before the ink on their college diplomas has dried ( http://www.time.com/time/business/article/0,8599,1 613829,00.html ). The study, which looked at more than 10,000 people who received bachelor's degrees in 1999-2000, found that just one year after graduation, women who are working full time earn only 80% as much as their male counterparts do. The recent graduate numbers includes an apples-to-apples comparison of full-time workers who majored in the same subject, and the discrepancies are jarring. One year after graduation, female business majors are earning 81% of what male business majors earn. Among biology majors, women get paid only 75% as much as men. female engineers make 95% of what male engineering majors do, and women who majored in math earn only 76% of what their male counterparts earn. Part of the gap may be explained by the number of hours women work compared with men. But after controlling for all the factors known to affect wages — including occupation and parenthood — the study found that college-educated women still earn about 5% less than college-educated men one year after graduation and 12% 10 years after graduation. This gap, the study's authors go on to say, "remains unexplained and may be attributed to discrimination.""

The party adjourned to a hot tub, yes. Fully clothed, I might add. -- IBM employee, testifying in California State Supreme Court

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