5 Things You Don’t Know About the Wage Gap
By: Jaclyn Trop
Tuesday’s annual Equal Pay Day highlights the fact that women working full-time earned 78 cents for every dollar men took home in 2013–a whopping one cent improvement over the previous year, according to the U.S. Census Bureau. That’s a long way from the 60 cents on the dollar women collected in 1960, but it’s still shamefully far from equal pay for equal work.
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In New York, women under 35 earn $1.02 for every dollar earned by their male counterparts. What is it that sets the Empire State apart? Education is a big factor. About 47% of millennial women in New York hold a bachelor’s degree, compared with 38% of the state’s millennial men, says Jessica Milli, a senior research associate at the Institute for Women’s Policy Research: “That education translates into better job opportunities and enables women to move into better paying jobs such as managerial and professional occupations.”