Where Women Are Underpaid and Underrepresented
The media are misleading when they say that WNBA pay, and the number of female Fortune 500 CEOs, are at record highs. Yes, the players’ pay was up by 53% since 2019 and, at 55, the number of women leading the largest firms exceeded all in the past. Still, the actual numbers are egregiously tiny. In a NY Times column, Nobel economics laureate Claudia Goldin detailed the WNBA numbers. Because the WNBA is partially owned by the NBA, we wind up with a conflict of interest. When the NBA negotiated joint television contracts worth $77 billion over 11 years, it delegated a disproportionate amount to itself. ….[READ]
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