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4 June 2012
The gender pay gap is real and more unequal then ever according to new statistics.
PayScale.com, an online compensation data company, polled 1.6million people to find that women make less than men from their first jobs and continue to pull in lower salaries until they retire.
Adding insult to injury, the margin between male and female workers only grows the more experience they have, until women make nearly $30,000 less than their counterparts.
Unfair: The gender pay gap is real and more unequal then ever
Survey Says: PayScale.com polled 1.6million people to find that women make less than men from their first jobs until retirement
The company created an elaborate 'apples-to-apples' comparison model of what men and women make, matching years of experience, location, education level and several other factors.
Women make a median yearly salary of $31,900 at age 22, compared to $40,800 for men; and by their early 50s, women pull in just $60,000 compared to the $95,000 men make.
'Male pay is higher, and grows higher and grows faster than female pay over time,' said Katie Bardaro, lead economist for PayScale, to MSNBC.
They also analyzed the most common career choices for each gender.
Ms Bardaro said that women more often choose lower-paying jobs, like nursing or human resources, while men opt for flashier finance and engineering positions.