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Since 1960, the earnings gap between men and women in the U.S. labor market has continued to narrow.
What is Gap between Men and Women in the U.S. labor market ?
According to the U.S. Census Bureau, women working full time in 1960 earned about 60 cents for every dollar earned by men—the number cited by President Kennedy in signing the Equal Pay Act.
In 1963, women who worked full-time, year-round made 59 cents on average for every dollar earned by men.
The last fifty years of women’s social and economic progress have been lauded as the “grand gender convergence,” the “second demographic transition,” and the “rise of women”—terms pointing to the remarkable transformation in women’s social and economic roles since the 1960s. Many metrics document these changes.
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