While progress has been made, millennial women still face the gender pay gap

While progress has been made, millennial women still face the gender pay gap

That’s according to Caroline Ghosn, CEO of Levo League, an organization dedicated to advancing women in their careers.

In an interview with Bloomberg Tuesday, Ghosn talked about Levo League’s latest study, which found that millennial women aren’t worried about the pay gap.

And that’s a problem, Ghosn said.

She says when young women see data that says they will be making seven to eight cents less than their male counterparts one year after college, the perception changes.

At that point it’s all about negotiation, Ghosn said — standing up and asking for a raise or making sure you are making the same as your male counterparts. Ghosn said that 63 percent of Levo’s members feel uncomfortable negotiating salary, an issue Levo aims to tackle by offering support and guidance.

But according to a 2013 Pew study, the pay gap is narrowing, largely because of the millennial generation.

Pew looked at 32 years and found that women’s wages went up, while men’s actually decreased. In 1980, men made an inflation-adjusted $18.57 per hour, while women earned $11.95 (in 2012 dollars). By 2012, men earned $17.79 and women made $14.90 per hour.

And on average, women ages 25 to 34 made 93 percent of what men of the same age made in 2012. That’s compared to women of all ages making 84 percent of men’s earnings.

That means millennials are making a difference, but there is still much to be done. That Pew study found that 67 percent of those surveyed believe the U.S. has a ways to go to achieve equality in the workplace.

http://www.bizjournals.com/denver/bizwomen/news/latest-news/2015/04/while-progress-has-been-made-millennial-women.html?ana=twt