For years I’ve been tracking the decline in the real earnings of college-educated workers. Now, with the latest income statistics, we can see just what the decade of the 2000s has wrought.
In terms of real earnings, male college graduates were absolutely pounded, taking a 9.7% decline in real pay from 2000-2010 (that’s bachelor’s only). Meanwhile female college grads saw no decline at all in real earnings. (we’re looking here at the real mean earnings of full-time workers 25 years and over).
For every educational category, the same pattern holds: Males doing worse than females in terms of change in real earnings. This is not directly related to the sharper job loss for men, since this data covers only full-time workers. However, it does provide corroborating evidence that the labor market seems to have moved against male-dominated industries and occupations, affecting the college educated as well as workers with only high school diplomas.
This is obviously not universal, given the high demand for computer and tech jobs, which tend to be male dominated. For example, 80% of computer software engineers are male. which should be a plus for male wages. But the ‘tech effect’ seems to be overpowered by the ‘health-education-effect’, since health and education occupations, which have done well over the past decade, are for the most part are disproportionately female.