Female professionals today are getting paid higher salaries than their mothers did at the same age, but are also putting in longer hours.
According to a report by Pew Charitable Trusts, in the 2000s, 85% of women in their 40s received nearly three times the annual wages their mothers did at the same age, when adjusted for inflation.
The report, which surveyed 634 mother-daughter pairs in the US, also indicated despite these increments, the current generation of prime age working women are putting in longer hours than the previous generation.
“In the late 1960s and early 1970s, slightly more than half of all mothers were in the labour force,” the report said.
“These women worked, on average, 24 hours per week for a little more than US$10 (S$12.60) per hour. Today, 85% of all daughters are employed, and they work 10 additional hours per week and earn $9 (S$11.30) more per hour.”
The report highlighted less than half (47%) of daughters are paid more than their fathers were at the same age.
The top quintile of wage-earners in the report revealed fathers of working daughters today received a median hourly wage of US$38.45 (S$48.40), as opposed to the US$37.40 (S$47.10) their daughters now receive, when adjusted for inflation.
The survey added daughters’ longer working hours were associated with increased rates of upward family earnings mobility, especially in the bottom and middle bracket of the earnings distribution.
It also found despite women’s significant generational gains, men’s wages remained more important to increasing couples’ family income.