Money
GAO Report Released March 15th, '22 - Women in Management: Women Remain Underrepresented in Management Positions and Continue to Earn Less Than Male Managers
"Women continue to be underrepresented in management roles in the U.S. workforce, with a slight increase in 2019 compared to our 2010 report. Female managers continued to earn less than male managers, with the pay gap remaining unchanged. Among other things, our analysis of Census Bureau data showed that in 2019:
An estimated 42% of managers were women, which was less than the percentage of women in the overall workforce (48%). Female managers were more likely to be younger, more educated, and unmarried — and less likely to be White than male managers. Full-time female managers earned 71 cents for every dollar earned by full-time male managers." more »
Women Consistently Earn Less Than Men; Women Are Over-represented in Lower Paying Jobs and, As They Age, the Pay Gap Widens Even More
According to the QWI data based on unemployment insurance wage records for the third quarter of 2020 (the most recent national data), women in the United States earned 30% less than men and that pay gap increased with age. Women are over-represented in lower paying jobs and, as they age, the pay gap widens even more. The gender gap has narrowed for younger women as they increase their education level and break into occupations traditionally dominated by men. Although the gender pay gap has narrowed since the signing of the Equal Pay Act of 1963, women earned 82 cents for every dollar a man earns according to 2020 data from the Bureau of Labor Statistics. The gender gap has narrowed for younger women as they increase their education level and break into occupations traditionally dominated by men. While women have a growing presence in higher paying industries like Information or Professional, Scientific, and Technical Services, they are still over-represented in lower paying industries. more »
High Inflation and the Outlook for Monetary Policy By Federal Reserve Governor Michelle W. Bowman
Federal Reserve Governor Bowman: "Inflation is much too high. Last year I noted that inflationary pressures associated with strong demand and constrained supply could take longer to subside than many expected. Since then, those problems have persisted and inflation has broadened, reaching the highest rate that Americans have faced in forty years. High inflation is a heavy burden for all Americans, but especially for those with limited means who are forced to pay more for everyday items, delay purchases, or put off saving for the future. I intend to support prompt and decisive action to lower inflation, and today I will explain how the Fed is pursuing this goal." more »
Study: Natural hazards Compound Covid-19 Impacts Disproportionately on Businesses Run by Minorities, Women and Vets
A report published in October 2020, offered an overview of the responses, but the authors of the new study sought to gain deeper insight into the role that specific factors played in determining a business’s resilience during the pandemic. "The team’s findings are based on responses from more than 1,350 businesses to a survey NIST and NOAA distributed from July to August in 2020. A third of those returning surveys were from underrepresented groups. "It is critical that we understand how climate events amplify existing social and economic vulnerabilities,” said Ariela Zycherman, a co-author of the paper in NOAA’s Climate Program Office. more »