When male CEOs have daughters, relative pay for women at their firms goes up
The gender wage gap is a well-documented, persistent, and worldwide phenomenon wherein women earn, on average, an estimated 9 to 18 percent less than men who have the same job descriptions and equivalent education and experience.If women were 18% more effective then men, then this is a surefire way to get rich:Step 1: Start a business and employ only womenStep 2: Crush your competitors by being 18% more efficientHeck, even if you could find a way to cut costs by 1% in an industry, that's huge.