Have you read about this study, yet? Women earning more than men in some urban markets. The headline is a bit misleading, but the news is unexpected, until you read the details. Here are some excerpts from the Time article:
Here's the slightly deflating caveat: this reverse gender gap, as it's known, applies only to unmarried, childless women under 30 who live in cities. The rest of working women — even those of the same age, but who are married or don't live in a major metropolitan area — are still on the less scenic side of the wage divide. ...
He [the researcher, James Chung] attributes the earnings reversal overwhelmingly to one factor: education. For every two guys who graduate from college or get a higher degree, three women do. This is almost the exact opposite of the graduation ratio that existed when the baby boomers entered college. Studies have consistently shown that a college degree pays off in much higher wages over a lifetime, and even in many cases for entry-level positions. ...
... he found that the cities where women earned more than men had at least one of three characteristics. Some, like New York City or Los Angeles, had primary local industries that were knowledge-based. Others were manufacturing towns whose industries had shrunk, especially smaller ones like Erie, Pa., or Terre Haute, Ind. Still others, like Miami or Monroe, La., had a majority minority population. (Hispanic and black women are twice as likely to graduate from college as their male peers....
Significantly, the conditions that are feeding the rise in female wages — a growing knowledge-based economy, the decline of a manufacturing base and an increasing minority population — are dominant trends throughout the U.S. "This generation [of women] has adapted to the fundamental restructuring of the American economy better than their older predecessors or male peers," says Chung. While the economic advantage of women sometimes evaporates as they age and have families, Chung believes that women now may have enough leverage that their financial gains may not be completely erased as they get older....
The holdout cities — those where the earnings of single, college-educated young women still lag men's — tended to be built around industries that are heavily male-dominated, such as software development or military-technology contracting. In other words, Silicon Valley could also be called Gender Gap Gully.
Read more: http://www.time.com/time/business/article/0,8599,2015274,00.html#ixzz0yP632vwi
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