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.
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.”