Millennial Women Are Finally Overcoming the Pay Gap
Millennial women are closing the gap when it comes to pay in the workplace, but they see obstacles ahead.
Is it no longer a man's world? A new Pew survey has found that the pay gap between men and women is the narrowest on the record. The research shows that so-called "Millennial women" (or women born after 1980) are the first generation in American history to “start their work lives at near parity with men.”
In 2012, women’s hourly wages were 93 percent those of men (among workers aged between 25-34) . The rise has been attributed to how millennial women are more likely than their male counterparts to hold a bachelor’s degree. Despite the gains, three-quarters of these young women feel that more needs to be done to close that gap entirely. Here are some reasons...
Young women told PEW that they “have fallen further behind their same-aged male counterparts” as family responsibilities take a toll on their careers. The gender gap gets wider among working adults in their 30s and 40s, the age at which many women have to balance work and motherhood. As Pew writes, "For women, marriage and motherhood are both associated with less time spent on paid work-related activities. For men, the onset of family responsibilities has a reverse effect on their career."
Not every young woman wants to "Lean In"
Young women want a job they enjoy that provides security and flexibility, and they place relatively little importance on high pay. However, the survey found that they are less likely than men to aspire to top management jobs. 34% say they are not interested in becoming a boss or top manager; only 24% of young men say the same.
The U.S. isn't doing enough to help
Among Millennial women, 75% say this country needs to continue making changes to achieve gender equality in the workplace, compared with 57% of Millennial men.
Gender biases: It's a man's world (or at least many of us think so)
Pew writes, "Roughly half of millennial women (51%) and their older counterparts (55%) say society favors men over women; just 6% of both groups say it favors women over men."
Additionally, the majority of us just feel like men should earn more due to old stereotypes, as "55% of the public says if a man and a woman are doing the same work, the man generally earns more. And 46% of adults say it is easier for men to get top executive jobs in business and government than it is for women (43% say gender does not make a difference in this regard)."
Men are actually making LESS money
Thankfully, it's NOT about unfair work conditions
Only a small minority, or one-in-seven adults (14%), say they've been a victim of workplace discrimination. A higher share of women (18%) than men (10%) report having experienced this type of discrimination.
Are you surprised by the findings?