Magazine article HRMagazine

Young Women Are Narrowing the Gender Pay Gap

Magazine article HRMagazine

Young Women Are Narrowing the Gender Pay Gap

Article excerpt

Women in the Millennial generation are closing the gender wage gap-at least for now.

In 2012, women ages 25 to 34 earned 93 percent of what their male counterparts made, up from 89 percent in 2005.

That's significantly better than the 84 percent wage gap for all women in 2012, according to a Pew Research Center survey released in December 2013.

With more education, greater workforce participation and an increased presence in morelucrative occupations, women have seen their median hourly wages rise by 25 percent over the past 30 years, the study found. Meanwhile, the median hourly wage for men decreased 4 percent from 1980 to 2012. In 2013, female Millennials were more likely than male Millennials to have bachelor's degrees-38 percent compared with 31 percent. …

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