The wages of the typical woman who had a job during the worst recession in decades rose faster than those of the typical man, new data from the Bureau of Labor Statistics show.
Over the past two years, the wages of the median woman--at the statistical middle--rose 3.2% when adjusted for inflation. Wages of the median man rose 2%. Minority men were particularly hard hit, while minority women and highly educated women of all races did better.
There were about 8.2 million fewer full-time wage and salary workers in the third quarter than two years ago; the data don't include part-time or self-employed workers. "This is a situation where everyone's losing but men are losing more, and that's not really a victory for women," said Heidi Shierholz of the Economic Policy Institute, a left-leaning Washington, D.C., think tank.
"It's risky to make too much of these fluctuations," said David Autor, an economics professor at the Massachusetts Institute of Technology. "That said, male employment has been in relative decline for some time, and I would not be at all surprised that the industries and occupations in which males are most concentrated have been hit relatively hard by the recession."
Wages of full-time workers in the top 10% grew much faster during the two-year recession (9.5% before adjusting for inflation) than those of workers in the bottom 10% (5.2% before adjusting for inflation).
Source: The Wall Street Journal, October 17, 2009
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