June 13, 2017
Li and Stafford find women’s move into higher paid fields drives higher wages across current generation of workers
Using employment data from the Panel Study of Income Dynamics, Ping Li of the South China Normal University and Frank Stafford find that pay among the current generation of 30 to 55 year olds has risen by about 22% over their parents, thanks in large part to women entering higher paid fields such as STEM fields. Stafford says, “Women are going from not just washing dishes at home to washing dishes at a restaurant—they’re going from staying at home, some of them highly educated women, to becoming business managers or STEM workers.”
Read the Michigan News story, Wages get a bump, thanks to women entering the workforce.