The Gender Pay Gap Is Getting Worse For Recent College Grads

The Gender Pay Gap Is Getting Worse For Recent College Grads The pay gap among men and women who are just out of college is widening, according to a new report released Thursday by the Economic Policy Institute. The study finds that women earn $17.88 on average during their first four years post-college, while their male counterparts make $20.87 representing a divide thats larger than it was more than 10 years ago.The EPIs report does show a slight improvement since 2015, when young women earned 83% of what men made (women now earn 86% percent of what men do). Moreover, Equal Pay Day which marks the point in the year until which the average woman has to work in order to catch up in pay to what the average man made in the prior year fell on April 4 this year, which was an 8-day improvement from last year.We also know that some companies are making concerted efforts to close their pay gaps. For instance, Salesforce has conducted a compensation audit in order to close the wage gap am ong its employees, and individual women are making strides every day by asking for a raise.Yet when we look at the bigger picture, things look more bleak. In 2000, for instance, women just out of college made 91% of what their male counterparts made, according to the EPI.So why might the gap be widening now? Huffington deutsche post dhl reporter Emily Peck suggests that it could be the result of an increase in income inequality. The highest-paying jobs in the U.S. are paying even better, and men are landing that work, she writes. Think Facebook engineer, Goldman Sachs analyst, etc. Moreover, as Peck notes, the study didnt take into account the kinds of jobs graduates are taking. Women do tend to hold more of the jobs in lower-paying industries (although when analysts have accounted for these kinds of factors, theyve still found a gender pay gap).While we know weve made some progress in shrinking pay inequities in recent years, the EPIs report is an important reminder that the pay ga p is persisting and perhaps with more force than we may have thought. If youre feeling disheartened, or at least curious about whether youre being compensated fairly, check our salary database, where you can look up crowdsourced compensation and bonus information by employer, department and title. On this page youll also find Payscales salary calculator, which also takes into account where you live and work. If youre beginning to realize youre overdue for a raise or you suspect youre a victim of the gender pay gap get informed so you can take actionFairygodboss is committed to improving the workplace and lives of women.Join us by reviewing your employer