The Gender Pay Gap, 1st Year Out of College

From The Statesman, by Ann Daly:

A woman graduating with a bachelor’s degree last year earned a median starting salary of $36,451. For a man, it was $44,159. When you calculate a lifetime of percentage raises and compound interest, that nearly $8,000 difference is staggering.

As demoralizing as the findings of “Gender and College Recruiting” might be for this year’s female grads, its implications for future generations of women in the workplace are downright alarming. NACE’s analysis, which painstakingly isolates a systematic gender effect by taking into account the differential salary levels among majors and then comparing salaries within the same major, gives lie to the conventional wisdom that paycheck parity will somehow materialize for women with the mere passage of time.

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