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This question is about gender pay gap statistics.
What are the challenges in accurately calculating the gender wage gap?
The main challenge in accurately calculating the gender wage gap is accurately accounting for all the factors. Anything from age, race, industry, or location can have a strong effect on the calculation's outcome. Further, median salaries can also be skewed by the very few at the top or bottom of the spectrum.
For instance, while there are more male millionaires than women, all millionaires make up a very small portion of the overall population.
However, due to their vast wealth, a dozen male millionaires can greatly skew the median salary for all males in the U.S., making the wage gap seem larger than it actually is for the average person. This is one of the main reasons why the controlled and uncontrolled wage gaps are so different.
Overall, while the fact that there are more male millionaires than women millionaires is still a social commentary on the wage gap, it can skew calculations.
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