151: [PA] The Gender Wage Gap in the PA Profession

Are you looking left and right while charting and wondering if your colleagues are earning more money than you? If you’re in the know about the AAPA Salary Survey or you don’t understand the world of salary and effective negotiation, you’re not alone, we didn’t really know either. There is so much goodness in that AAPA Salary Survey report (and in 2022 it’s interactive!) So while the healthcare industry has lost it’s mind with compensation and brand new baby nurses are being paid $30,000 sign on bonuses, learning about the physician associate gender wage gap is something you are going to want to do. The PA Gender Wage Gap. What’s the first thing you think of when you hear that? Maybe you’re thinking - well, I work part time or I have better boundaries than my male PA colleagues - but here’s the thing - you are doing the same job! Maybe you are skeptical about the data but have a healthy curiosity to learn more. The AAPA Salary Survey revealed in 2018 that female PAs are making, on average are earning $11,500 less per year than their male-identifying colleagues. This means that for every $1.00 that male colleagues are making, female-identifying PAs are earning only $0.90. The mean male PA salary is nearly $12,000 per year more than the mean female PA salary!  $11,500 invested in a solid index fund over the course of a 30 year career compounds to be 4.5Million dollars at the age of retirement. Holy moly!  Get ready to get fired up about how much you are earning and feel inspired to create a plan for negotiation! Avoid the 5 Most Common Mistakes PAs Make When Asking for a Raise here. TAKE THE PA QUIZ https://www.tracybingaman.com/type SHOW NOTES https://www.tracybingaman.com/blog MEET TRACY https://www.tracybingaman.com/about 5 MISTAKES PAS MAKE https://www.tracybingaman.com/mistakes