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Economy

“72% of six-figure earners are men, while 57% of workers making under $25,000 are women, survey finds”

“Many Americans agree it now takes a six-figure salary — at least — to get by amid today’s rising prices and economic uncertainty.

Yet, 72% of six-figure earners are men, according to a recent report by MagnifyMoney that’s based on an analysis of U.S. Census Bureau data. For every woman who makes at least $100,000, 2.5 men do, the report found. Meanwhile, 57% of workers who earn less than $25,000 a year are women.

Women are disproportionately overrepresented in low-wage and part-time jobs and underrepresented in the highest-paying positions, MagnifyMoney found…”

https://www.cnbc.com/2022/04/21/inflation-is-making-it-harder-to-get-by-without-a-six-figure-salary.html

They will never “catch up” because there is no catching up to do. Women do not work as many hours on average as men and they are less prone to start businesses. That means less money and less promotions. This article is suggesting there’s a wadge gap. That’s a myth.

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