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There are many differences between the two sexes when it comes to labor and output production. One's income is determined by the amount of positive output they can produce in a specific amount of time. However, now that women are increasing their education and receiving more and more bachelor's degrees, and master's degrees, the labor market will grow positively with their contributions...
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Before women were seeking careers in law, and business, the real wage rate in the labor market was decreasing because of the low wages being paid. Now the demand for female labor is growing while the amount of women's educations is increasing too. The labor market has the effect on the GDP and Real wage rate thus making it hard for the women to close the margin gap between the cost of hiring men and women...
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