A Wag of the Finger to Elaine Chao

DOL's Labor Day release trumpets that "What has been called the "pay gap" is shrinking and is now the smallest it has ever been since the Bureau of Labor Statistics (BLS) began tracking this data."

That's true, but it's only because men's earnings have shrunk even more than women's. According to EPI:

Women now earn 77 cents on the dollar compared to men. After an increase in the gap from 2002 to 2003, the gap shrunk over the last two years. .... these declines were solely due to the fact that earnings have fallen for both men and women, but have fallen more so for men—not a desirable scenario.

Submitted by Shawn Fremstad on 7 September, 2006 - 05:18.