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Younger Women Earning More - 4/22/16

A recent analysis supplied by the National Partnership for Women & Families analyzed the pay of full time, year round employees in the fifty states.  As reported in the Baltimore Sun, the study determined that women are paid 85 cents for every dollar men earn, representing an annual pay gap exceeding eighty six hundred dollars. 

But that study considers all women – the situation among young men and young women is far different.  According to the job site Hired and as reported by CNNMoney, women in technology, sales or marketing with two years’ or less experience actually received salary offers that were seven percent higher than those received by equally experienced men. 

Why are the youngest female workers earning more than their male counterparts?  It could be in part that they are asking for more.  Those young women asked for two percent more in compensation than their male counterparts. 

That’s surprising for any number of reasons, including that most women typically ask for less up front – about fourteen thousand dollars less on average than a man applying for the same post.  But the young women of today appear to be particularly assertive.    

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.