Gender pay gap narrows due to falling male income

Article here. Excerpt:

'The gender pay gap has been narrowing over the last four decades — and women's earnings are now closer to men's. But that is not only because women are doing better. The trend is also in part because men are earning less.

Earnings for men have fallen in the decade since the recession, and are even below levels for much of the 1970s and ’80s.

Men are still paid about $10,000 more on average than women, according to Census Bureau figures released Wednesday, but the gender earnings gap has grown smaller.

From 1973 to 2017, men's earnings fell by about $3,200, or about 5%, in numbers adjusted for inflation. Earnings for African American men fell even more steeply than those of white men, according to experts.

"We're talking about a 40-year period of people working full time who are not doing better than their fathers and grandfathers did, and are basically doing worse," said Mark Rank, an inequality expert at Washington University in St. Louis. "It's a really striking pattern going on over a long period of time."'