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Pay gap

Women outpace men in wage growth for the 3rd straight month

December 15, 2016

For the first time in nearly six years, hourly wages for women have risen faster than wages for men for over three consecutive months. Men had dominated earning gains for the past five years — a change that some experts attributed to family choices as the economy recovered from the financial crisis.

“Between 1997 and 2010, wage growth of men and women was about equal,” Ellyn Terry, an economic policy analysis specialist in the Atlanta Fed’s research department, explained to Bloomberg. ”Since 2010, however, a gap has emerged. Much of the difference … has to do with family/job choices and other individual characteristics.”

Following the Great Recession, it appears that men first began seeing larger raises. But with markers for overall wage growth recently hitting a post-crisis high, women seem to be making up ground. This past November, however, the gap between increases to women’s wages compared to men’s wages remained small — while women saw a year-over-year rate increase of 4.1 percent, men also saw an increase of 3.6 percent.

Read the full story at Bloomberg.


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