Gender wage gap and the measure of equality

The podcast episode discusses the gender wage gap, specifically focusing on the 59 to 82 cents ratio that is often mentioned. The guest explains that this ratio is derived from comparing the median income of full-time male and female workers. However, she also points out that this measure does not take into account other factors such as education or individual career choices. She further explains that the gender wage gap varied over time, increasing significantly in the 1980s before slowly creeping up in recent years.