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The gender wage gap narrows as women move into high-skill jobs and acquire more education. Women are now in the majority in jobs that draw most heavily on either social or fundamental skills.
Looking at gender, race and ethnicity combined, all groups, with the exception of Asian men, lag behind white men in terms of median hourly earnings.
The number of businesses owned by women and minorities has grown considerably in recent years, particularly in certain industries, but based on revenue they remain on average considerably smaller than white- or male-owned firms.
It turns out that countries that offer more liberal parental leave policies tend to have higher wage gaps among men and women ages 30-34, according to analyses by the Organization for Economic Cooperation and Development (OECD).
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