In 2023, the earnings gap between American women and men narrowed to the smallest margin on record in 24 years of data, according to the Bureau of Labor Statistics (BLS). In Q4, the median weekly earnings for women were $1,301, which is 83.8% of the typical amount men were paid. Concurrently, the Black-White pay gap also narrowed to its smallest on record during the same quarter. These developments underscore wage compression as a key feature of the pandemic economy.
U.S. workers are getting smaller bonuses, a sign that belt-tightening employers aren’t as concerned about losing talent as in recent years. https://t.co/qzBH1Z3LPT
Getting there: per @BLS_gov data, earnings gap between American women and men narrowed to the smallest on record in 2023 … median weekly earnings for women were $1,301 last year, or 83.8% of typical amount men were paid @Bloomberg https://t.co/bAVGIqJn0w
Correcting previous tweet: The gender pay gap in the US narrowed *in 2023* to the smallest on record in 24 years of data (https://t.co/zcGdUsufWl…). The Black-White pay gap did the same in Q4 (see chart). Wage compression continues to be a notable feature of the pandemic economy https://t.co/70dPcmfpEo
The gender pay gap in the US narrowed in Q4 to the smallest on record in 24 years of data, according to BLS figures out today (https://t.co/a0UiH8hes9). The Black-White pay gap did the same (see chart). Wage compression continues to be a notable feature of the pandemic economy https://t.co/2ou6Z6VxK8
The earnings gap between American women and men narrowed to the smallest on record in 2023, according to the Bureau of Labor Statistics https://t.co/4veiiAiYnA