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Wednesday, November 28, 2012

14

I'll See Myself Out

"According to the latest numbers released by theBureau of Labor Statistics (BLS) last week, based on the weekly earnings of full-time wage and salary workers, women now earn 82 percent as much as men – up from 64 percent in 1980."
Goodbye 77, hello 82! So we have an annual growth rate of 0.78%, and that's as far as I got into figure out how long it'll take to break even. 

Tags:

money, math

14 Comments / Post A Comment

cheerybeggar

Last year it was calculated that women would reach parity with men in 2056:
On 100th Anniversary of International Women’s Day, 45 More Years Needed to Close Gender Wage Gap in the U.S.

Jane Marie

@cheerybeggar 2056?! yeesh.

cheerybeggar

@Jane Marie Also, the 77/82 numbers aren't directly comparable. 82 cents is the weekly-full-time comparison, 77 cents is the yearly-full-time comparison. They're both accurate, with slightly different strengths and weaknesses, but it leads to confusion.

apples and oranges

@cheerybeggar Also I think I read recently that the 77 cents applies to white women only... I'd guess it's the same for 82.

cheerybeggar

@kangerine The 77 and 82 numbers are both inclusive of all races and ethnicities. Both the BLS and other organizations sometimes calculate and release other ratios - e.g., the ratio between Hispanic women and white men, which is pretty dismal as you'd expect - but the ones that get the most media attention aren't race/ethnicity-specific.

olivebee

Woohoo? (unenthusiastic finger twirl)

iceberg

Soooo, we're still good with the wallet-reach instead of going dutch then, right?

TheLetterL

@iceberg 18% of the time

iceberg

@TheLetterL touche haha

fondue with cheddar

I don't know...it's my understanding that a great number of the jobs that were lost over the past several years were in male-dominated fields (e.g. construction), so maybe it's really not as good as it looks? (Not that it's good enough either way.)

SarcasticFringehead

@fondue with cheddar As far as I know, that job-loss gender gap closed pretty soon into the recession, and some argue that it was over-reported to begin with, because Patriarchy.

Although I heartily agree that anything other than parity is unacceptable no matter how you slice it.

cheerybeggar

@SarcasticFringehead The gender wage gap is barely changing, of late. I don't think the recession has had much impact on it - both men and women lost jobs across different sectors and wage levels. The gender effects of the recession were highly reported - e.g. that moment when women were 50.1% of the workforce by some measures. Data show that the "women's employment recession" chronologically followed the men's, but both were bad. Neither men nor women have gotten back to the number of jobs they had in 2008. (data)

fondue with cheddar

@SarcasticFringehead I guess that's good? I just want us all to have jobs and get paid what we deserve.

Heat Signature

Meanwhile, the gap between upper and lower classes continues to grow at an alarming rate, and use of food pantries and other social services has skyrocketed.

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