From BLS.gov's data on educational attainment, employment, & weekly wage/salary for the dozen years 2000 - 2011:
For wage/salary, & employment data of full time employees over age 25 (by educational attainment) it's clear that wage/salary growth didn't keep pace with productivity growth.... so employee's ...
I've seen recent reports that keep citing expected or projected GDP growth rates over the 10 year period 2010 - 2020 at or in the close range of 3%/year. What's important isn't GDP growth rates per-se, but GDP growth per Capita. GDP's growth by itself doesn't indicate improvement if the population is ...
A recent article at CEPR estimates the change from 1979 to 2011 in the proportion of Low Wage Earners at different levels of education (and age, but my focus is only on educational attainment). I can't find their 1979 source data at the gov't source they cite, but I do have the employment by wage & educational levels ...
In my notes
ref: yesterday, 4/28/12
- Divergence (income v GDP) - a cause scenario &
- A possible source of cause, Re:Divergence of Median Family Income growth & GDP growth
I hypothesized that a significant cause for divergence of median family income and GDP growth rates was due to the change in employment ...
This is a note on one aspect of the divergence since the late 70's of median family income from GDP / Capita. In Part 2 of my analysis (previously reported) I found that the divergence exactly tracks the divergence of wage/salery growth from productivity growth. My research into cause(s) of the divergence is still on-...
Another economist cites much on observaions of income having not kept pace for the last 39 years... and information supports my findings thus far as well, but once again, not a shred of info on reasons. Seems like economists are, generally speaking, very keen on using observational data to summarize or analyze different ...
When looking at medium income increases over time, it is simply assumed that this value is either not appreciably affected by the inceases in upper income levels or if anything is increased slightly by upper income increases over time. Simply said, the question is whether upper income's increases appreciably affect the median ...
This is the 2nd note in the series Cause(s) of Divergence of GDP/Capita & median family income .
As a reminder, the divergence I'm seeking to find the cause(s) for refer to the reduction of median family income growth with respect to the growth of GDP per Capita beginning in the late '70's. Chart on left ...
In his blog today, The Swedish 1% a chart shows the proportion of income by the top % for Sweden and US from 1979 - 2009. Refering to the chart:
- Sweden's top 1% earned 4% of income in 1979 & ~ 7% in 2009; the US's earned 8% in 1979 & ~18% in 2009.
- Both increased
For your educational entertainment another report about economic mobility. I've been writing a bit lately about the moralist's belief system that poor are deserving of their condition because they make poor decisions and choices. I've also shown that the condition of poorness is largely the direct result of having had ...
The following chart is lifted from this study: HOW EXPENSIVE IS THE WELFARE STATE? GROSS AND NET INDICATORS IN THE OECD SOCIAL EXPENDITURE DATABASE, OECD SOCIAL, EMPLOYMENT AND MIGRATION WORKING PAPERS, 2009.
The source for the above link came via a course study list published from P. ...
The chart says it all.
Thought this might be enlightening --- several countries proportion of poor by income and after taxes and transfers (2005 data). Note that Scandinavian (and other european) nations have similar rates of poor to US classified by income levels, but after taxes and transfers the US's proportion of poor ...
I was curious about Family Income levels, and especially the proportion of families at lower income levels, relative to the median income and upper incomes. The following table shows the % of Total Families in 2009 (lastest available) as the average for all States, and excluding D.C. and P.Rico. The State Average ...
High intergenerational mobility means a high positive relationship between parent's income and adult children's income.
The greater the intergenerational mobility the less the next generation's income depends on opportunities than on ...