@RichardvReeves Why did women get a pass on the great wage stagnation and exploitation by the top 1%?

Few labour markets statistics make much sense unless broken down by gender.

Wages growth is no exception with female wages growth quite good for a long period of time after the 1970s – a period in which male earnings stagnated.

The beginning of male wage stagnation seemed to coincide with the closing of the gender wage gap.

Presumably if men were previously profiting from patriarchy, that should have some implications for future wage growth and promotions for men as women catch up.

Presumably if men were previously profiting from patriarchy, that should have some implications for future wage growth for men as women catch up. Men lost the wage premium they previously earned from the sex discrimination directly in hiring, wage setting and promotions and investing in more education because they expected to be discriminated favourably at the expense of women.

image

Not surprisingly the convergence in the male-female wage ratios started  in the 1970s which was the decade that male wage stagnation started.

The gender wage gap started converging again also pretty much in lockstep with the top 1% starting to grab higher and higher proportions of income.

image

Source: Alvaredo, Facundo, Anthony B. Atkinson, Thomas Piketty and Emmanuel Saez, The World Top Incomes Database.

1 Comment (+add yours?)

  1. Jim Rose's avatar Jim Rose
    Oct 02, 2015 @ 17:00:37

    Reblogged this on Utopia – you are standing in it! and commented:

    The better news is the story for women. In 2014, the median full-time female worker earned 32% more than in 1975 and a whopping 74% more than in 1960.

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