For those of you who are interested in gender pay gaps, you likely know today (April 17th) is Equal Pay Day. This date "symbolizes how far into 2012 women must work to earn what men earned in 2011," according to the National Committee on Pay Equity.
However, this statement is misleading and construes the facts about gender pay differentials. Yes, it is true that the average pay of female workers is less than the average pay of male workers. In fact, according to the Bureau of Labor Statistics (BLS), median full-time female workers' pay is only 81 percent of median full time male workers' pay.
The issue with these generic statements is they do not control for differences between the two genders that can account for much of this pay gap. Together with the New York Times Economix blog, PayScale took a deep dive into gender pay differentials to see what differences do exist once you control for outside factors. Continue reading after the break to see what we found.