But now there's evidence that the ship may finally be turning around: according to a new analysis of 2,000 communities by a market research company, in 147 out of 150 of the biggest cities in the U.S., the median full-time salaries of young women are 8% higher than those of the guys in their peer group. In two cities, Atlanta and Memphis, those women are making about 20% more. This squares with earlier research from Queens College, New York, that had suggested that this was happening in major metropolises. But the new study suggests that the gap is bigger than previously thought, with young women in New York City, Los Angeles and San Diego making 17%, 12% and 15% more than their male peers, respectively. And it also holds true even in reasonably small areas like the Raleigh-Durham region and Charlotte in North Carolina (both 14% more), and Jacksonville, Fla. (6%).
The figures come from James Chung of Reach Advisors, who has spent more than a year analyzing data from the Census Bureau's American Community Survey. He 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. "These women haven't just caught up with the guys," says Chung. "In many cities, they're clocking them."
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.
The rise of female economic power is by no means limited to the U.S., nor necessarily to the young. Late last year, the Bureau of Labor Statistics announced that for the first time, women made up the majority of the workforce in highly paid managerial positions. The change in the status quo has been marked enough that several erstwhile women's advocates have started to voice concerns about how to get more men to go to college. Is there an equivalent to Title IX for men?
