In the last quarter, the earnings of men working full time suddenly skyrocketed 8.9% at an annual rate. Earnings of women dropped 4.3%.
Perhaps this is some kind of artifact? No obvious reason comes to mind for men's wages to have gone up so much.
5 thoughts on “Men’s earnings shot up last quarter”
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Did the new union contracts for a bunch of male-dominated industries maybe go into effect earlier this year? Auto workers, e.g.? No idea what would explain the slump in women's wages at the same time, though.
"Perhaps this is some kind of artifact? No obvious reason comes to mind."
C'mon, Kevin. Look again at the men's chart. It bounced up, then down, then bounced right back up again. It's not some obscure artifact, it's simply the failure to smooth the time-series in your graphing of the data. It shows a gradual rising trend over the last year.
What's more concerning (to me, anyway) is what's happened to the women's chart. No random bounces up or down. Just downward trend for quite a while.
Men are taking better care of themselves, getting 8 hours, eating better since the NCAA March Madness ended. Meanwhile, more
and more women could stand to lose a few.
It will correct once NFL season starts.
The downward trend in women's wages started with Corona and more telecommuting. What is the chance that more better-paid women started working part-time and from home? Win-win-win - less child care costs, less commuting time and cost and better life-work balance.
Sunspots.