Tag: pay

Reasons your pay isn’t going up | Business Insider

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Federal Reserve Chair Janet Yellen and other top economists say productivity is the key to long-run wage growth for American workers. That would be true — if only the fruits of economic expansion were actually trickling to average incomes. International Monetary Fund

“If the labor market continues to improve, we will see some pickup in wage growth, but we have at the moment low productivity growth,” Yellen told Congress in her last official testimony of her term as Fed chair, which ends early next year. “That wage growth would be greater over time if productivity growth picks up.”

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Women in America | The White House

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“This collection of data from across the Federal government offers the most comprehensive look at women in America since the 1960s,” Acting Deputy Secretary of Commerce Rebecca Blank said. “With this report, the administration can more effectively manage programs that support women and girls and America’s families, and foster the growth of the U.S. economy.”

Each page of this report is full of the most up-to-date facts on the status of women. Of particular note
are the following:

  • As the report shows, women have made enormous progress on some fronts. Women have not only caught up with men in college attendance but younger women are now more likely than younger men to have a college or a master’s degree. Women are also working more and the number of women and men in the labor force has nearly equalized in recent years. As women’s work has increased, their earnings constitute a growing share of family income.
  • Yet, these gains in education and labor force involvement have not yet translated into wage and income equity. At all levels of education, women earned about 75 percent of what their male counterparts earned in 2009. In part because of these lower earnings and in part because unmarried and divorced women are the most likely to have responsibility for raising and supporting their children, women are more likely to be in poverty than men. These economic inequities are even more acute for women of color.
  • Women live longer than men but are more likely to face certain health problems, such as mobility impairments, arthritis, asthma, depression, and obesity. Women also engage in lower levels of physical activity. Women are less likely than men to suffer from heart disease or diabetes. Many women do not receive specific recommended preventative care, and one out of seven women age 18-64 has no usual source of health care. The share of women in that age range without health insurance has also increased.
  • Women are less likely than in the past to be the target of violent crimes, including homicide. But women are victims of certain crimes, such as intimate partner violence and stalking, at higher rates than men.

Read Report.