Do men make more money than women? If that’s true, how is it possible? According to this infographic from PayScale, the two main factors that determine one’s salary are job choice and family responsibilities. This means that your earnings depend on the career path you have chosen as well as your daily life responsibilities. Having said that, it comes as no surprise men’s wages grow for a longer period and result in higher earnings in contrast to women’s.
However, men are not earning a lot more than women who have the same experience and qualifications. As you may have noticed on the infographic most men working as Software Developers, for example, earn just an additional 4% than their female peers. But what does that mean for women? If a woman decides she doesn’t want to have children, is she still going to be earning less than a man after she reaches her 30s?
Of course, there are some considerations that need to be addressed prior to choosing a career. Since this decision is going to take over a significant part of your life, it is important to choose a job that best fits your needs.
Some interesting facts about this infographic:
- Women’s earnings stop out-pacing men’s at around the age of 30.
- Men’s wages can reach up to $95,000 per year at age 48.
- Women’s wages can reach up to $60,000 per year at age 39.
- The most common job for men is Project Manager in Construction.
- The most common job for women is Human Resources Administrator.
Check out the infographic to get more information on the median annual pay for both men and women and compare the difference in the wage growth for each gender!