Women’s wages are growing faster than men’s. In September, the Federal Reserve Bank of Atlanta saw the largest gap in earnings growth between men and women since 1997, according to the report. The three-month average of women’s wage growth was 4.9 percent, while men’s earnings growth was at 3.4 percent.
However, women have much further to catch up than men, according to one expert. Women are already disproportionately likely to be working low-wage jobs, said Martha Ross, senior fellow focusing on labor policy at the Brookings Institute Metropolitan Policy Program. In addition, women have been more likely to quit their jobs during the Great Resignation, according to the report. This created a tighter labor market and forced employers to raise wages in sectors like retail and hospitality, which are typically worked by women.
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