
Women's Wages Outpaced Men's During Recession
Article here. Excerpt:
'The wages of the typical woman who had a job during the worst recession in decades rose faster than those of the typical man, new data from the Bureau of Labor Statistics show.
Over the past two years, the wages of the median woman -- at the statistical middle -- rose 3.2% when adjusted for inflation. Wages of the median man rose 2%. Minority men were particularly hard hit, while minority women and highly educated women of all races did better.
The typical full-time female worker earned $657 a week in the third quarter, the BLS said. The typical man earned $812 a week. Men are more likely to be unemployed, though: The male jobless rate is 11%; for women, it's 8.4%
Economists cautioned that the wage numbers and the increases don't reflect the large numbers of workers who aren't working at all.
There were about 8.2 million fewer full-time wage and salary workers in the third quarter than two years ago; the data don't include part-time or self-employed workers. Low-wage workers are hit disproportionally during recessions, and their absence from the tally could cause median wages to rise even if the typical worker isn't getting a raise.
"This is a situation where everyone's losing but men are losing more, and that's not really a victory for women," said Heidi Shierholz of the Economic Policy Institute, a left-leaning Washington, D.C., think tank.'
- Log in to post comments
Comments
Not to sound too cynical
"This is a situation where everyone's losing but men are losing more, and that's not really a victory for women."
Yes Ms. Shierholz, this means you may need to start paying for your own dinners on Friday nights.
And another thing-- the headline implies the recession is over, using the past tense. It ain't over, not by a long shot. And it's a depression, not a recession.
And another thing...
"Education also was a factor: Those without a high school diploma earned a median of $448 a week in the third quarter, compared to $1,145 for those with at least a bachelor's degree. Pay of women with advanced degrees grew faster than pay of men with advanced degrees. But men still earned more: The highest-paid 10% of male workers with advanced degrees earned $3,260 or more weekly, compared to $2,252 or more for women of the same education level."
One can hardly compare an MA in Art History's earning potential to an MS in Electrical Engineering - unless you're a feminist, of course.