The President’s Council of Economic Advisers released an interesting report this summer on the progress of women’s participation in the workforce. All the charts and numbers can be found here. A few interesting and even a bit alarming facts:
1. The wage gap persists – women earn 77 cents per every dollar earned by their male counterparts.
2. On the other hand women earn a rising share of family income, now on average 45%
3. Women are now more likely to go to college and graduate than men and account for about half of the students in JD, MD, and MBA programs.
4. Since 1991 labor force participation of women in the US has remained flat and thus the country has fallen to #17 of 22 developed countries, as European countries and Canada have opposite trends.
Looks like there is a bit more work to be done –