Chart of the day – Sep 2, 2017

Sep 02, 2017.

Only as good as 80%. US income for men & women, up to 2015.

US Men and Women earnings

(Click on the image to enlarge) Over this labor day, it’s good time to review what the US men & women earn.

US Census data shows women earn only about 80% of what men earn. This has been a hotly debated issue with several high profile cases, including recent lawsuit against Google for systematically paying women employees less than men for same roles. The Obama administration put rules in place to close this gap which President Trump recently rolled back.

The wage gap reality has several layers. Despite belief in meritocracy, women do get paid less than men for same jobs as the Google case shows. However, a much larger proportion of women work in lower paying jobs like administrators, aides, teachers, nurses, and social workers. The high paying technology & finance industries are disproportionally male dominated. Nature also doesn’t help women, with their child bearing and raising years conflict with their most productive years. In absence of strong Federal or State incentives, employers simply avoid taking the troubles of doing anything but keep pushing everyone harder, as reported in this New York Times story of unreasonably high demands by Amazon. As some of the previous charts show, women are also more involved in household chores (Aug 28, 2017 & Aug 29, 2017). This is another reason their contribution to workforce lags behind.

However, the second chart shows that the earnings of women are steadily increasing. What gets lost in this discussion is that earnings of men have not increased since early 70s. Thus, all the gains made in the household income (Sep 01, 2017) have pretty much gone to women. It’s just a matter of time before the focus from immigrants-stealing-our-jobs moves to women-stealing-our-jobs.

Source: Income & Poverty in the United States, 2015 from www.census.gov.

 

Previous charts-of-the-day:

Sep 06, 2017 – Foreign direct investment to India (2012-2017)

Sep 05, 2017 – no chart

Sep 04, 2017US productivity change (percent, non-farm businesses, by year, 2000-2016)

 

Sep 03, 2017 – Unemployment rate & labor participation rates, 1997-2017

Sep 02, 2017 – Earnings of men & women, up to 2015

Sep 01, 2017 – US household income trend, 2015

Aug 31, 2017Projected growth in fastest growing occupations, 2014-2024

Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016

Aug 29, 2017 – US household – time spent in daily chores, 2016

Aug 28, 2017 – US household leisure & sports time, 2016

Aug 27, 2017 – Peak earning vs age, 2010-2016

Aug 26, 2017Price change for TVs, Computer, Internet, Cable & Software, 1996-2015

Aug 25, 2017Number of rental units in Silicon Forest, Tanasbourne, Portland Metro

Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)

Aug 23, 2017Rate of homeownership & number of renters, 1990-2015

Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017

Aug 21, 2017 – no chart

Aug 20, 2017 – Construction productivity vs other industries (The Economist)

Aug 19, 2017 – no chart

Aug 18, 2017 – no chart

Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017

Aug 16, 2017 – no chart

Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996

Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017

Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)

Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)

Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)

Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)

Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)

Aug 8, 2017 – Household credit score versus time (2001-2016)

Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)

Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)

Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)

Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)

Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market

Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)

Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)

July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)

July 28, 2017 – US home prices 1890-present

July 27, 2017 – Median house price for Portland Metro neighborhoods

July 26, 2017 – Average rent for Portland Metro region

July 25, 2017 – Path of total solar eclipse through Oregon

July 24, 2017 – Portland metro area household income by region

 

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