Today the median annual wage for Black workers is approximately 30 percent, or $10,000, lower than that of white workers—a figure with enormous implications for household economic security, consumption, and the ability to build wealth. Black workers make up 12.9 percent...
Who knows what would have happened to economic growth. It may have gone up, down, or roughly followed the path it took. Let’s take the middle ground and assume that growth would have remained unaffected. Let us further assume that the U.S. government is never going to default on its ...
Over the next few years, the extent to which a bachelor's degree is gaining in value and whether master's graduates can catch up with the graduate engineers in terms of salary will become clearer over the next few years.Salary development of female and male architects (median) in Germany ...
is much lower than $1 million. Unlike the average sale price, it’s never even crossed the $500,000 mark. However, median prices have increased over time, and they may continue to climb in many areas. Let’s take a look at historical charts from the Federal Reserve Bank of St. ...
This net income model might be more viable to go by if something is notably affecting your take-home pay, like wage garnishment or aggressive retirement savings. It’s also ideal if you want a real daily sense of your cash flow.
Productivity is a measure of output relative to input. Labor productivity is the most common productivity measure—it’s defined as economic output (gross domestic product, or GDP) per hour worked. Labor productivity is typically the biggest determinant of economic and wage growth in the long term...
Despite continuous strides towards equality, the gender wage gap remains an issue—even among graduates. On average, women earnless than menstarting from their first job. Between men and women the hourly earnings gap is 11.6%, full-time weekly pay gap is 13.3%, and total annual taxable income...
Lawsuits can lead to wage garnishments and property liens. Debt settlement stops none of that while you're still negotiating, and it can take months for the settlement offers to begin. If your debt is settled, you may also face a bill for taxes on the forgiven amounts (which the IRS ...
No matter what the industry, the median annual wage for those with an MBA is greater than for those with just a bachelor's degree. The disparity is greatest among securities, commodities, and financial services sales agents, where those with MBAs earn 89% more, according to the BLS.7 Salar...
A maximum wage is a price ceiling imposed on how much compensation a worker can receive in a given period of time. It can be imposed as an absolute level or as a ratio between high and low wage earners. If it is a binding constraint (below the market wage), then it will tend to r...