The gender pay gap in the UK continues to narrow in 2024. The good news is the pay gap is narrowing at a faster rate since 2017 when Gender Pay Gap Reporting (GPGR) for employers become mandatory. The bad news is women are not progressing up the pay scale and are working longer hours, men today are worse off than their fathers were 20 years ago and the smaller pay gap is simply the by-product of wage compression induced by above inflation rises in the minimum wage. This is a sobering picture which tells me on balance, a smaller pay gap is not good news.
This article is part A of a 2-part blog. Part B will be published at a later date.
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