In today’s article from the WSJ, apparently women are winning the biggest pay raises from US Labor Boom but despite the outsize gains, women’s pay is still well behind men’s. Female wages are up by 4.4% compared to 4.1% in male wages. These have been the widest pay growth margins since 1997. These are helping women regain ground in the labor market after they endured big setbacks at the beginning of the pandemic.
While I think pay raises for women are amazing, and is something that can hopefully continue, it’s still showing the vast differences between genders that still exist. These are the pay differences that still showing today despite the fact that this article is showing the progress that they’ve made in the past few years. If this is a continuing trend, we hope to see futures in which pay equality becomes more of a reality for women because as of right now the wage gaps are still existent between men and women and this disproportionately affects women of color as well. So this may be a ray of hope during dark time of economic tumult.
