Chart of the Day: The Most Depressing Pay Gap Statistic You’ve Seen Today
This is from the most recent report [PDF] from Georgetown University’s Center on Education and the Workforce, “The College Payoff: Education, Opportunity, Lifetime Earnings.” Just in case you missed that red text on the chart, here it is for you in black and white: “Women have to have a PhD to make as much as men with a BA.”
The study also starts off by noting, “The findings are stark: Women earn less at all degree levels, even when they work as much as men. On average, women who work full-time, full-year earn 25 percent less than men, even at similar education levels. At all levels of educational attainment, African Americans and Latinos earn less than Whites.”
Oh, and in case you were wondering if getting a college degree is worth it, “Having some postsecondary education, even without earning a degree, adds nearly onequarter of a million dollars to lifetime earnings,” the study says.