Women today are more likely than men to complete college
and attend graduate school, and make up nearly half of the
country's total workforce. Yet past gaps in education and experience appear to be contributing to a persistent pay gap between the sexes, a new report shows. The report from the White House Council of Economic Advisers shows that although women are increasingly becoming more educated and make up a larger portion of the country's workforce, they consistently earn less than men, even when they have similar levels of education.
In the early 1990s, adult women were about as likely as men to
earn a bachelor's degree or attend graduate school. But around the middle of the decade, women began to surpass men in college attainment. That increase also can be seen in professional degree programs,women now account for almost half of students in law, medical and business administration graduate programs. During the 1960s, women accounted for about 10 percent of students in those programs. Now, women in the workforce are more likely to have at least a bachelor's degree than not. They're also making gains in occupations that traditionally have been dominated by men;doctors, lawyers, scientists and professors.Today, women in their early 30s are just as likely to be doctors or lawyers as they are to be teachers or secretaries.
Although they're increasingly likely to work in historically male-
dominated professions, but women still haven't reached a state of parity in the workforce, many of which tend to have higher salaries. Women still are overrepresented in lower-paying occupations. Women make up 56 percent of workers in the 20 lowest-paid jobs, and just 29 percent of those in the 20 highest- paid jobs. Reducing barriers to female occupational choice, including gender discrimination, would not only raise women’s earnings, but would also increase overall productivity by better matching worker skills to jobs.Recent research has shown that women can help drive innovation and better target female customers and employees.
Generational trends still could be contributing to the wage
gap,because past disparities in educational attainment, job choice and experience take time to disappear from the labor force. Even when men and women have similar levels of education, men end up earning more over time,but within the first five years of employment, men's wages surpass women's wages. The report suggests that implementing policies such as paid family leave and flexible work schedules can help increase participation and experience over time.
With women and men increasingly sharing breadwinning and
caregiving responsibilities, today’s working families need a modern workplace one with workplace flexibility, paid leave and quality child and elder care.Such policies are beneficial for the economy as they lead to higher labor force participation, greater labor productivity and work engagement, and better allocation of talent across the economy.