It does not mean that everyone works in a capitalist firm but simply that as capacity utilization increases and unemployment declines, worker incomes tend to increase. Of course, the ability of workers to successfully translate tighter labour markets into higher wages is closely linked with a variety of labour market institutions as well as gender. Women’s collective bargaining power vis-a-vis capital is presumably lower than men’s, a point consistent with the prevalence and persistence of the gender wage gap across all sorts of economies.