Men's pay rises faster than women's

Men's median earnings rose twice as much as women's last year — the first time in 20 years that the gender pay gap has widened significantly.

• The median woman working full time in 2023 earned 83% of what the median man earned, Axios' Emily Peck reports.

💼 Between the lines: The wage gap doesn't mean women earn less than men for the same types of jobs — though that does happen. Instead, it is a useful indicator of broad inequality between men and women in the labor market.

• More women than men hold low-wage jobs, and women are also more likely to take time out of the labor force to care for children.

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