If you’re to believe certain politicians and feminists, there’s a gender wage gap that is most certainly due to some kind of sexism and very little else — certainly not the choices women are statistically more likely to make.
But a new chart in the Washington Post may indicate that if there’s a boy’s club when it comes to male CEOs, there may also be a girl’s club made up of female CEOs.
The chart, based on a study from Canadian business majors David Newton and Mikhail Simutin, shows that older male CEOs have the worst wage discrepancy between male and female corporate officers, but that younger female CEOs also have a pretty bad discrepancy.
Older male CEOs paid male officers on average $103,040 more than female officers. Whether that’s due to discrimination or the types of companies that have male CEOs is unclear, but is an interesting data nugget nonetheless.
Conversely, younger female CEOs paid male officers on average $58,080 less than female officers. So if someone is going to claim the older male CEOs are sexist, they need to say the same of the younger female CEOs — unless they think it’s acceptable social justice (it never is). Again, we don’t know whether men were paid less because of the industry or sexism, this is just what this particular study suggests.
What’s interesting is that the smallest wage gap, though still favoring men, was seen from older female CEOs. As older male CEOs are replaced by younger male CEOs who are closing the gender wage gap (somewhat) and older female CEOs are replaced by younger female CEOs who are widening the wage gap in favor of women, could we be on the path to a reverse wage gap?
