Blog. Today is Equal Pay Day, a reminder that women and men are not always compensated at the same rate. While the widely reported statistic that women, on average, earn 77 cents to every man’s dollar has been is a great indicator that women are put in situations every day that for a variety of reasons mean they earn less, it has been criticized for not measuring individuals of similar characteristics, such as age, occupation, education, or experience. To try to get a better understanding of the gender wage gap among specific age groups, and given that many high school and college seniors are on the brink of graduating and entering the labor force, I thought it would be interesting look at the gender wage gap by age and education, to see how women and men fare as they enter today’s unsteady labor market.
To close the gender wage gap, women need to see real wage growth faster than their male counterparts. The best type of narrowing occurs when both women and men see real annual wage growth. Left Business Observer. The Baseline Scenario. Grasping Reality with Both Hands. Beat the Press. Glenn Kessler, the Washington Post fact checker, gave President Obama two Pinocchios for saying that women earn on average just 77 cents for every dollar that men earn. Kessler makes some valid points as to why this number overstates the gap. First it is an annual number that doesn't take account of the fact that women are more likely to work part-time and part-year.
It is also true that women typically have less work experience because they take time out of the paid labor force. These and other factors (some of which go in the other direction) would be important items to take into account in a full examination of gender inequality. But has President Obama really committed a two-Pinocchio offense by using a number straight out of Census data without these additional qualifications? Context is always great, but unfortunately President Obama's use of the Census pay gap number hardly stands out as an out of context statement by a politician. TripleCrisis. Rortybomb. Lawyers, Guns & Money.
The Washington Monthly. Economy In Crisis | America's Economic Report - Daily. Www.pensitoreview.com. Interfluidity. Equities and Basel III's Liquidity Requirements. Grasping Reality with the Invisible Hand. Mish's Global Economic Trend Analysis. Economic Dreams - Economic Nightmares. I spent most of my working life in the US Forest Service, battling fundamentalism. Most of the battles dealt with economics. My first job was to coordinate use of a linear programming model (FORPLAN) in the development of forest plans. The model may (or may not) have been useful in projecting overall timber sales volumes from big-timber forests, but to have used it as an overall planning model was a mistake.
Forests are not factories. I remember one day in 1979, before I joined the Forest Service, having lunch with FORPLAN developer K. The FORPLAN Fiasco During the early years of US Forest Service "forest planning" (1979-1985, generally) there was a big problem with what we then called "analytical determinism. " Rational-Planning Economics In about 1983 I took a step upward (so I thought) in the Forest Service, moving from Regional Operations Research Analyst to Regional Economist for the Intermountain Region.
As for the public lands, they want the government to disappear. New Deal 2.0. Naked capitalism. Inequality.org – Economic Inequality Data & Statistics on Income, Health, Social Inequality. EconoSpeak.