Why Aren’t There More Female Billionaires?

New York Times ^ | DEC. 30, 2016 | ROBERT FRANK

[expat_panama]

Women have been rapidly climbing the employment and wage ladders in recent decades. But only a small fraction have made it to the top rungs — and their progress may be slowing.

New research shows that after making big strides in the 1980s and ’90s, the number of women breaking into the top 1 percent of earners has stalled. Women account for only 16 percent of the 1 percent, a number that has remained essentially flat over the past decade, according to a paper by three economists. And they account for only 11 percent of the top 0.1 percent of earners.

The threshold for making the top 1 percent of earners in 2014 was $390,000, while it was $1.32 million for the top 0.1 percent...

...“The higher up you move in the income distribution, the lower the proportion of women,”... ...“It shows that there is a fundamental form of inequality at the top related to gender.”...

...cracking the “diamond ceiling” appears to be getting harder...

...suggestions for helping women reach the top. She supports eliminating “say on pay” rules that allow shareholders to vote on executive compensation, and eliminating shareholder advisory groups. “If shareholders do not like the pay a woman is receiving as C.E.O., they should simply sell the stock, and vice versa,” she said...

...she supports programs that bring more girls into technology and engineering programs. She is a big proponent of Dean Kamen’s First organization, which encourages boys and girls in such fields.

“I am confident that from the girls who participate in First we will achieve gender parity in top income generation over the next generation,” Ms. Rothblatt said. “The girl who can dominate a field of robots is a woman who can dominate a field of men.”

[ctdonath2]

As if super rich just kinda happens to a person, and if it doesn’t then it’s someone else’s fault.

Anyone whining about this should read _Atlas_Shrugged_ and explain how many people are willing to work as insanely hard and focused and sacrificial as the female hyper-productive protagonist. (Unwillingness to read the book in the first place is a major clue.)

[expat_panama]

Welcome to the first trading morning of 2017 and everyone's beginning the new year w/ gusto!

Futures traders say metals are up +0.61% and stock indexes are up +0.97% so what could possibly happen?  I mean, gold and silver are back trading around $1,150 and $16 --for now, and while stock indexes have been falling in rising volume for the past week we all know it was nothing but end of the year 'window dressing' (re How Fund Managers’ Year-End Window Dressing Benefits the Market).

No econ reports to write home about, just Construction Spending and ISM Index in a couple hours.

I'll need say, another hour to get some of these posted on the FR, if anyone wants they can tell me which should go up first:

Job Destruction Is the Path To a Bigger Economy - Steve Chapman, Reason
2016 Marks Abandonment of Progress - Jean Pisani-Ferry, Project Syndicate
The Answer to Our Stagnation Hides In Plain Sight - John Tamny, Forbes
Will Trump Run Roughshod Over '17 Expectations? - Michael Hiltzik, LAT
Why Corporations Are Helping Trump Lie About Jobs - Editorial, NYT
My 2017 Prediction? Nothing Will Change - Satyajit Das, Bloomberg View
The Donald Trump Era Corporate Revolt - James Surowiecki, New Yorker
How to Fend Off Medicare Surtaxes & SS Givebacks - Bill Baldwin, Forbes
What Will Stocks Do in '17 If Everything Goes Wrong? - Adam Shell, USAT
Just Set Three Realistic Money Goals for 2017 - Chuck Jaffe, MarketWatch
Wealth Inequality Is Only Growing Worse - Michelle Chen, The Nation
Why It Took $4.5B to Add Three NYC Subway Stops - Nicole Gelinas, TDB
To Save Community Banks, Reform Dodd-Frank - Dennis Nixon, Investor's

[MNDude]

Liberals seem concerned if a woman becomes President, CEO, or billionaires. If I were a woman, my concern would be that there are toilets at stadiums, and they are not shared with men in drag.

[Ann Archy]

AMEN!! The Dems are PUSHING for women to register when they turn 18....I’m all for it, but NO FRONT LINES!!

[Paladin2]

The Slimez is hooding them dow .

[Sacajaweau]

Not enough dead male billionaires?

[a fool in paradise]

There are some people who sleep their way into wealth like the Heinz-Kerrys.

[Hot Tabasco]

Why aren’t there any billionaires from my high school graduating class?

[Lazamataz]

Why Aren’t There More Female Billionaires?

BECAUSE THEY'RE TOO DAM BUSY GETTING ME A GAW DAM SAMMICH, IS WHY!

[a fool in paradise]

But the NYet Times would say that she should be PAID for being the housewife of a billionaire. He’s got all of that money, it’s only FAIR!

[redfreedom]

I think this inequality should be remedied by the govt.

Just create a “billionaire tax” where their wealth is reduced to a couple hundred thousand. Think of all the votes they could buy with that money.

[a fool in paradise]

she supports programs that bring more girls into technology and engineering programs.

Won't become a billionaire in those jobs. Can't even get professional pay in many of those roles today with workers from India and Vietnam competing for the same positions.

[ronniesgal]

yes!!! I was gonna say “shoes” is why women are not billionaires.

[Yo-Yo]

Why Aren’t There More Female Billionaires?

Ironclad prenups.

[xp38]

This isn’t a subject that keeps me up at night. Another first world problem for idiot leftists to toss and turn over.

[a fool in paradise]

Now now, I don’t think John Kerry owns high heels in every color.

[a fool in paradise]

Prenups.

[Axenolith]

It's probably for the same reason you don't see lists of leaders who win epic battles containing women...

She supports eliminating “say on pay” rules that allow shareholders to vote on executive compensation, and eliminating shareholder advisory groups. “If shareholders do not like the pay a woman is receiving as C.E.O., they should simply sell the stock, and vice versa,” she said...

Oh, the author is an idiot... NM...

[Ciaphas Cain]

Well, here's one female billionaire. Or at least she USED to be...

[Axenolith]

+1

:-)