Gender pay gap smallest for millennials, Gen Z, widest for older generations

Article here. Excerpt:

'A new PayScale study on the gender pay gap found that younger generations are faring much better than their older counterparts. When the pay gap is controlled — comparing the pay for men and women doing the same job in the same geographic location, same experience, education, etc. — women under the age of 30 are paid 99 cents for every dollar that a man earns. The gap continues to widen with each age range, but still stays close; women 45 and up are paid 98 cents for every dollar a man earns.
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PayScale says this year its study focused on neutralizing the pay gap. According to a 2018 World Economic Forum report, it would take another 108 years to close the global gender pay gap. But according to PayScale’s findings, a transparent pay process reduced, or effectively eliminated the gender pay gap.

PayScale notes, “when employees said they have a transparent pay process at their company, women were estimated to earn between $1 and $1.01 for every dollar earned by men – effectively erasing the gender pay gap.”'