Friday, May 04, 2007

Reports Says Educated Women Earn 70% Of Male's Pay

LABELLE, FL. -- A report by the American Association of University Women Educational Foundation says women make only 80% of the salaries their male peers do one year after college; after 10 years in the work force, the gap between their pay widens further. Ten years after college, women earn only 69% of what men earn.

Even after controlling for hours, occupation, parenthood, and other factors known to affect earnings, the study found that one-quarter of the pay gap remains unexplained. Women's scholastic performance was not reflected in their compensation. Women have slightly higher grade point averages than men in every major, including science and math. But women who attend highly selective colleges earn the same as men who attend minimally selective colleges.

Nationwide, the median income for a woman with a four-year college degree was $46,000 a year compared to $62,000 for college-educated male workers, an earnings gap of 74%. Florida ranks 44th among states with an earnings gap. College-educated women in the state earn a median salary of $42,401, a pay gap of 70% between them and their male peers.

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