September 12, 2010

Women Finally Outearn Men-Kind Of

Posted in Uncategorized at 8:53 am by Gina

Women in general still earn far less than men, about 80 cents on the dollar comparatively, but this seems to be changing. According to Reach Advisors-a NY based consumer research group-young, single women are earning more than their male peers in large, urban areas.

According to The Wall Street Journal this is “a shift that is being driven by the growing ranks of women who attend college and move on to high-earning jobs.” Well hello there benefits of college!

While the trend has been around for several years in the bigger cities, it is now beginning to spread to smaller cities and across different industries.

Still, the article continues by saying: “While these particular women earn more than their male peers, women on the whole haven’t reached equal status in any particular job or education level. For instance, women with a bachelor’s degree had median earnings of $39,571 between 2006 and 2008, compared with $59,079 for men at the same education level, according to the Census.”

If you ask me, $19,508 less a year for no apparent reason seems a little unconstitutional. I’m sure a reason can be invented–but we all know who can multitask better! 🙂

This isn’t the entire list of the major metro cities that were studied, but in my own bias I made sure to include the three major Ohio cities.

Some tips from a similar article on how to better your situations with job negotiations.

1) Sell Yourself
-“NYU’s Internet expert Clay Shirky says, “Part of this sorting out of careers is sexism, but part of it is that men are just better at being arrogant and less concerned about people thinking we’re stupid (often correctly, it should be noted) for trying things we’re not qualified for.” ”

2) Reject the First Offer
– In the experience of Julie Freeman HR director of Hybrid Mom, “”A man will almost always ask for more money or a title increase, whereas a woman is more likely to simply inquire about benefits.””

What does this mean for you? If you are like me, and are not necessarily searching for the job that is going to become your career, you can still apply these concepts. First, don’t sell yourself short and talk yourself out of the job. The worst your employer can say is no. My sister asked for a raise after 6 months (the norm is a year) and she got it! Second, the trend is in young women–meaning by the time you hit the job market it should only be better!

~Gina

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