As many women who have plenty of education and training would tell you — except for Carly Fiorina, who the McCain campaign is keeping under lock and key after her comments that John McCain couldn't be a CEO — having those things is no guarantee of pay equity despite whatever crap John McCain insists on spewing. A recent study by the Chartered Management Institute in the U.K. shows that, actually, the pay disparities between male and female business executives, on the average, worse than the pay disparities in most other professions.The CMI study reports that female executives, on average, earn about 30 percent less than their male counterparts and that, at the rate at which they are achieving pay equity, it'll be a short 187 years until they catch up. Scottish women, and women in the IT industry in the U.K. also have it pretty bad, though men and women at the junior executive level in the energy industry might attain equity by 2010, after which they'll all be senior execs and the women will start earning 30 percent less. In case you're wondering, this reflects a trend in the U.S. as well, in which statistics show that women with Masters degrees actually face a slightly steeper wage disparity on the average than women with only a high school education — and that's before you account for occupational differences at both levels. Occupational surveys show that women nurses and teachers earn 10 percent less than their male counterparts despite comprising the vast majority of the work force, and professional women face a steeper wage gap with their male counterparts than women in sales and office occupations faced. A new survey shows that women at the top of the legal profession (lawyers, magistrates, and judges) make almost half what men in similar positions make — even as female paralegals make 93 percent of what their male colleagues do. Contrary to everything women have been taught about the value of higher education, while you're likely to make more money than you would otherwise, you are far less likely to make a comparable amount to that of a man. In another sad statistic, historically speaking, women's pay has been catching up to men's in he U.S. at a rate of about half a percent a year. That means, without radical changes, we might only have to wait 44 years to get paid equally for the work that we do instead of 147 — unless you're a doctor or a lawyer, in which case it's more like a century. But, hey, I'll bet that's a century's worth of really important education and training to catch up with men's skills, right John McCain? Right? McCain Dismisses Equal Pay Legislation, Says Women Need More 'Training And Education.' [Think Progress] Equal Pay For Women Is 'Several Generations Away' [The Guardian] The Wage Gap by Education: 2001 [National Committee on Pay Equity] Professional Women: Vital Statistics [AFL-CIO] Women Getting Screwed When It Comes To Pay [Above The Law] The Wage Gap Over Time: In Real Dollars, Women See a Continuing Gap [National Committee on Pay Equity]
I'm an comic book editor and my last salary was $50k. I went freelance earlier in the year so I don't have a set salary (nor will I really know what it is until tax time).
It's unlikely that I'll make that salary again, either freelancing (for which I do several things, like editing, but also art and writing and selling crafts)...or if I went full-time.
I have a Masters and I have, for my age, a great deal of experience in my industry (over 8 years if you count internships). But it's also a VERY male dominated and, no matter what, I have to constantly prove that I know what I'm doing...even though I've worked on award-winning series, with some of the top talents, and even NY Times Bestsellers. People still look surprised when I know what I'm talking about.
My career took something of a hit when my husband and I moved cross country for his job. He makes far more than I do and has actually been in his industry at least 2 years less than I've been in mine. But the "hit" I took was a willing one, and I'm far happier now doing a mix of things. And for the record, I don't want or plan to have kids. What I do want is job flexibility because I don't think I should have to live what I do. I have other things I want to do with my life.