Wage report shows continuing gender and race gap
A report released this week by the Bureau of Labor Statistics shows that salary discrepancies continue to cut across gender, educational and racial lines.
The bureau found the nation’s 100.1 million full-time workers earned a median salary of $738 during the third (fiscal) quarter of 2009. During that period, the average weekly salary dropped by 2.5 percent — the steepest decline in 31 years.
Another interesting angle unfolds when the bureau breaks down the numbers:
* Full-time female workers, for instance, earn a median of $657 a week — 80.9 percent of the salaries paid to men ($812).
* The earnings of African American men ($622) are 74.5 percent of the wages paid to white males ($835).
* Workers without a high school diploma brought in a median salary of $448 compared to $621 for employees who completed high school and $1,145 for those with at least a four-year college degree.
* Employees in management and professional occupations are the highest paid with meian weekly salaries of $1,259 for men and $913 for women.
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These figures lead to a false sense of prosperity for most. The three lowest quintiles of the population earn a mere 22% of household earnings. A full 78% of earnings go to just 40% of households with the top 20 % getting the lions share. Poverty is a major problem for millions of employed people with things getting worse as socialist in corporate America expecting 1st world Americans to compete with 3rd world labor for the right to produce. The race to the bottom has not ended it has gotten worse with Republicans taking swipe after swipe at lower income employed Americans. This is done in support of Socialists while Corporate leaders pay republicans to hammer democrats as Socialist. This will not change until we support fair trade.
How can you compare the genders and the races without qualifying it more? Take it a bit further and say educated males vs educated females. Educated white men vs educated black men…etc.