The Gender Pay Gap: Not as Bad as You Think
When you hear that women make "77 cents for every dollar paid to their male counterparts," what comes to mind—besides anger? Probably you assume that means that, for every male salesman making $100,000, a woman doing the same job is making $77,000—a discrepancy owing to sex-based discrimination by men against women.
Believe it or not, that's not what the data show.
That 77-cent figure comes from a report on educational attainment, issued earlier this year by the U.S. Census Bureau, which shows that median monthly earnings in 2009, for those 18 and older, were $2,917 for women, $3,750 for men. Divide $2,917 by $3,750 and you get .7778—the basis of the figure. (As a statistics refresher, median means the midpoint of the data set, not the average.)
However, a separate report comparing women's to men's salaries for the same job shows the median woman earning 82 cents for the median man. Half the women in the report, whose work accounted for ...1