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Title: The Performance of Median Income in the US Post by: jpn of Seattle on October 24, 2007, 07:56:51 PM The median wage has increased fairly steadily since WWII. But for the past three decades or so, it's entirely due to the improving status of women in the workplace. That's good news, of course, and it's also good news for family incomes, but there's a flip side: the incomes of men really have stagnated. If you compare apples to apples — men aged 35-44 working full time — median income doubled in the three decades after WWII and has declined in the three decades since then. If you add in benefits, growth has been about zero.
source (http://www.washingtonmonthly.com/archives/individual/2007_10/012345.php) (http://www.washingtonmonthly.com/blogphotos/Blog_Income_35_44.gif) Title: Re: The Performance of Median Income in the US Post by: Opmod on October 24, 2007, 09:14:58 PM Is this for owmen in generalin the work place or women working full time in the work place?
Title: Re: The Performance of Median Income in the US Post by: jpn of Seattle on October 24, 2007, 10:03:07 PM Is this for owmen in generalin the work place or women working full time in the work place? If you're really interested, I provided the source. If you link back a few links you get to the actual study. Title: Re: The Performance of Median Income in the US Post by: Opmod on October 24, 2007, 10:10:32 PM Is this for owmen in generalin the work place or women working full time in the work place? Wasjust curios not really interested though. If you're really interested, I provided the source. If you link back a few links you get to the actual study. Title: Re: The Performance of Median Income in the US Post by: Scucca on October 25, 2007, 05:01:06 AM Quote If you add in benefits, growth has been about zero. But what are the economic reasons behind the change in the growth trend? For example, given the US has traditionally been reliant on a long tail of the low skilled, is it the result of further changes to the skills distribution?Title: Re: The Performance of Median Income in the US Post by: jpn of Seattle on October 25, 2007, 07:50:39 PM Here's what the slightly left-of-center Economic Policy Center says are the causes:
Changes in real compensation result from a broad set of factors, including: • workers' bargaining power, which is closely related to the tightness of the job market and the strength of unions and other labor market institutions, including the minimum wage; • changes in the rate of inflation; • the cost of fringe benefits, including health care; and • productivity growth. More details here (http://www.epi.org/content.cfm/bp195). Title: Re: The Performance of Median Income in the US Post by: Scucca on October 26, 2007, 02:54:02 AM Here's what the slightly left-of-center Economic Policy Center says are the causes: I always find bargaining arguments difficult. I'd be happy with reference to bargaining power and overall compensation, given we can just refer to the redistribution of economic rents from employer to employee. However, reference to median compensation is less clear-cut. For example, trade unionism may well just reinforce wage norms. This would effectively refer to redistributing wages "between" employees. The crucial empirical work then becomes testing the union impact on the wage distribution (i.e. isolating the trade union effect on income inequality)Changes in real compensation result from a broad set of factors, including: • workers' bargaining power, which is closely related to the tightness of the job market and the strength of unions and other labor market institutions, including the minimum wage; Title: Re: The Performance of Median Income in the US Post by: Totino on November 08, 2007, 08:19:09 AM I would imagine that this has to do with the fact that females are out performing males in school. And at this point there are more females than males in college.
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