Well these are some pretty stark stats. Kay Steiger points out these findings from the latest report by Georgetown University’s Center on Education and the Workforce, “The College Payoff: Education, Opportunity, Lifetime Earnings:”
Click image to enlarge.
Just look at the red text to see what an extreme gap we’re talking about:
Women have to have a PhD to make as much as men with a BA
Men with some college but no degree earn about the same as women with a Bachelor’s degree
We know there’s still a wage gap, with women as a whole earning 77 cents for every dollar men earn, and women of color earning even less. What this chart points out is how much time and money women have to invest in education to up their earnings. And they still get less out of the deal than men – the wage gap persists no matter the degree.
This data is a good rebuttal to the occasional media angst over the notion that women are outperforming men in school. Though the accuracy of that claim is questionable anyway, this new report makes one thing clear: women need to climb higher up the ladder of degrees if they want earnings that are competitive with men.
The report also rebuts the tired argument that the wage gap is all because women work less, since they’ve got those frivolous distractions of having babies and raising kids:
Women earn less at all degree levels, even when they work as much as men. On average, women who work full-time, full-year earn 25 percent less than men, even at similar education levels.