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Q: why have more women become income earners?
A: There are several reasons for this phenomenon, first of which is that for every two men graduating from college there are three women. [ That's compounded with a shift to a knowledge-based economy where women's education and multi-tasking skills are at a premium. The 2008 study by Reach Advisors covered 2,000 communities and found that the pattern held in 147 of the 150 largest U.S.
cities. The earnings advantage of these young women over their male peers is as much as 20 percent in locations such as Memphis and Atlanta where minority women pursue higher education at much higher rates than their male counterparts. In addition, the Bureau of Labor Statistics found in 2009 for the first time, women occupied a majority of highly paid managerial positions. The entry of women in large numbers to higher paying management ranks has provided an opportunity for men to play a greater role at home with a substantial increase in their numbers taking over household duties. This increased participation and income by women is good for the economy and our national wealth, adding to our total productive capacity. However, the study found that married, rural and women with children still don't earn as much as their male counterparts. Similarly even older highly educated women found their incomes lagging once they married and or had children. Still unknown is how technology will change the landscape for both men and women. Retail jobs, traditionally held primarily by women, will continue to vanish as Internet sales take an ever increasing slice of the pie. At the same time, jobs once considered too dangerous or physically challenging for women now are opening to them because of technology and automation. This will further reduce the total income gap for women, including those who do not pursue higher education. This research makes it clear that women will continue to play a substantially greater role in our economy over the next 50 years relative to the previous 50 years. ]
Expert answered|sipichapie|Points 380|
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Asked 8/27/2011 4:24:07 AM
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