Gender pay gap drops again

The average hourly wage for women rose 4.1% in the last year compared to 2.4% for men. This closed the pay gap from 86.8% at end of 2016 to 88.2% at end of 2017 – an all time high.

The pay gap (or average women pay rate divided by male pay rate) was:

• 1990: 82.0%
• 1999: 85.5%

So has been steadily improving over time.

Also worth noting the average FTE salary is now $62,200 – just $8,000 below the top tax rate.