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Started By
Message
Louisiana women saw smaller paychecks in 2015
Posted on 12/21/16 at 9:34 am
Posted on 12/21/16 at 9:34 am
Full Story - BR Business Report
$630 x 52 weeks = $32,760.00 gross annual salary, pre-deductions for Louisiana women.
If scenario:
$32,760 - 15 % for 401(k) = $4,914.00 per year for retirement savings.
$27,846.00 taxable wages for Louisiana women per year.
$828 x 52 weeks = $43,056.00 gross annual salary, pre-deductions for Louisiana men.
If scenario:
$43,056.00 - 15 % for 401(k) = $6458.40 for retirement savings.
$36,598.00 taxable wages for Louisiana men per year.
I realize that saving 15 % per paycheck may be a stretch, but nonetheless, this should be most people's forced minimum goal.
Either way, ouch.
quote:
Louisiana women with full-time salaries jobs, the bureau says, had a median weekly income of $630, compared to $828 for men.
quote:
Median weekly earnings for Louisiana women also fell below the national median weekly earnings of $726 per week for other full-time, salaried women.
quote:
Nationally, women earned just 81.1% of the $895 in median weekly earnings their male counterparts earned, the bureau says.
quote:
Among the 50 states, median weekly earnings of women in full-time wage and salary positions in 2015 ranged from $591 in Mississippi to $907 in Massachusetts.
$630 x 52 weeks = $32,760.00 gross annual salary, pre-deductions for Louisiana women.
If scenario:
$32,760 - 15 % for 401(k) = $4,914.00 per year for retirement savings.
$27,846.00 taxable wages for Louisiana women per year.
$828 x 52 weeks = $43,056.00 gross annual salary, pre-deductions for Louisiana men.
If scenario:
$43,056.00 - 15 % for 401(k) = $6458.40 for retirement savings.
$36,598.00 taxable wages for Louisiana men per year.
I realize that saving 15 % per paycheck may be a stretch, but nonetheless, this should be most people's forced minimum goal.
Either way, ouch.
This post was edited on 12/21/16 at 9:53 am
13
Posted on 12/21/16 at 9:37 am to Will Cover
Damn Louisiana gets shafted in average pay compared to the national average
Posted on 12/21/16 at 9:37 am to Will Cover
quote:
$630 x 52 weeks = $32,760.00 gross annual salary, pre-deductions for Louisiana women.
$828 x 52 weeks = $43,056.00 gross annual salary, pre-deductions for Louisiana men.
Either way, ouch.
Those are averages. Why 'ouch?'
Posted on 12/21/16 at 9:40 am to Will Cover
Why do these studies never include the job statistics that these people are actually working in?
IE: You have 10 people, 5 women and 5 men. If the men work STEM jobs, and the women are all teachers, then that wage gap is going to exist by default.
One of my best friends wife's a Mech Engineer, and she makes bank. It just always seems like these studies dont tell the whole story.
IE: You have 10 people, 5 women and 5 men. If the men work STEM jobs, and the women are all teachers, then that wage gap is going to exist by default.
One of my best friends wife's a Mech Engineer, and she makes bank. It just always seems like these studies dont tell the whole story.
This post was edited on 12/21/16 at 9:41 am
Posted on 12/21/16 at 9:41 am to Will Cover
quote:
Louisiana women with full-time salaries jobs, the bureau says, had a median weekly income of $630, compared to $828 for men.
I hate things like this, I see commercials now for women trying to "bridge the wage gap...did you know men made [x amount] more than women!!! It's not fair!!"
Well, applying a little bit of common sense would go a long way here. If you had a man and a woman applying for the exact same job, of which there are 2 openings, and both get hired wiht the exact same qualifications, and the man has a higher salary...yeah that's not quite fair.
HOWEVER...in cherry-picked stats like in the OP, it doesn't take into account that men typically are in higher/managerial roles more frequently than women. When men make up most of the CEO/Director/Upper management roles, of frickin course the "average salary for men" is going to be higher than that of women.
Posted on 12/21/16 at 9:41 am to Will Cover
76k household is a good living
Posted on 12/21/16 at 9:42 am to Will Cover
Hope and change.
Posted on 12/21/16 at 9:42 am to Will Cover
43K ain't bad... I would've guessed much less.
Posted on 12/21/16 at 9:43 am to elprez00
quote:
Why do these studies never include the job statistics that these people are actually working in?
B/C that would kill the false narrative that's being forced upon us.
Posted on 12/21/16 at 9:46 am to yellowfin
quote:
76k household is a good living
It is.
But unfortunately almost 1 in 2 families in Louisiana don't have both parents working and/or living in or with them.
This post was edited on 12/21/16 at 9:59 am
Posted on 12/21/16 at 9:51 am to Will Cover
This doesn't account for the strippers that don't claim their cash tips
This post was edited on 12/21/16 at 9:51 am
Posted on 12/21/16 at 9:52 am to Will Cover
I'm sure they didn't see smaller waist lines
Posted on 12/21/16 at 9:58 am to Will Cover
Swear I read "smaller peckers...."
Posted on 12/21/16 at 9:59 am to elprez00
quote:
Why do these studies never include the job statistics that these people are actually working in?
Joe Rogan brings this up all the time on his podcast. These stats are never being compared apples to apples. There's never a comparison done with a woman and a man working the exact same job. for the same amount of time.
Posted on 12/21/16 at 9:59 am to elprez00
quote:
Why do these studies never include the job statistics that these people are actually working in?
IE: You have 10 people, 5 women and 5 men. If the men work STEM jobs, and the women are all teachers, then that wage gap is going to exist by default.
I've even seen studies where they manipulate the stats even when listening by job title of say physician. They never give you a breakdown showing that women tend to choose medical specialties that earn less.
They also don't factor in that many working women take more unpaid time off and turn down promotions to keep a better work/life balance when they have young children.
Posted on 12/21/16 at 10:04 am to Will Cover
Not surprising.
The biggest white collar industry is higher education and the biggest blue collar industry is the oilfield. Neither has a lot of women.
The biggest white collar industry is higher education and the biggest blue collar industry is the oilfield. Neither has a lot of women.
Posted on 12/21/16 at 10:05 am to elprez00
They don't tell the correct story. That is the problem with statistics, they are just a cross section of data. Women quit work in their late 20s and early 30s. What do they expect?
This post was edited on 12/21/16 at 10:05 am
Posted on 12/21/16 at 10:08 am to elprez00
quote:
Why do these studies never include the job statistics that these people are actually working in?
IE: You have 10 people, 5 women and 5 men. If the men work STEM jobs, and the women are all teachers, then that wage gap is going to exist by default.
One of my best friends wife's a Mech Engineer, and she makes bank. It just always seems like these studies dont tell the whole story.
Yeah, there are several variables that are usually left out: number of hours worked per week (full time in these studies doesn't differentiate between 35 to 40 hours a week and 60 hours a week); qualifications of the applicant including degree held; and years of experience; precise job titles/descriptions etc.
Women who do not have children and focus on their careers are out-earning men in the same fields. That may reflect that they are especially passionate about their careers, but even that is positive evidence for merit trumping gender.
Posted on 12/21/16 at 10:45 am to WG_Dawg
quote:
I hate things like this, I see commercials now for women trying to "bridge the wage gap...did you know men made [x amount] more than women!!! It's not fair!!"
Any time someone wishes to lament about this wage gap supposedly established by the sexist patriarchy that controls our capitalistic economy, I tell them this...
If women are paid less than their male counterparts in most professions, sans porn, then why are companies not exclusively hiring women?
Think about it, nearly all businesses exist to make a profit. Any owner or CEO will do whatever is necessary to increase profit margins for stakeholders. How do you increase revenue? Well, one of the easiest way is to cut expenses. What is a major expense for most companies? Employee salaries.
So, if I am starting a company and I wish to maximize profits, doesn't it seem logical for me to cut expenses as much as possible? And if so, wouldn't that make sense to pay my employees as little as possible? AND if for whatever reason it is just universally accepted that you can pay a woman a lesser salary than a male counterpart in that given profession, then wouldn't it seem obvious that I should hire only females in order to cut salary expenses?
I mean, why is every Fortune 500 company not completely staffed by women? I mean, if the sexist patriarchy is as strong as feminists have you believe, then why are women not outpacing men by a significant margin in employment?
Posted on 12/21/16 at 10:51 am to elprez00
quote:
Why do these studies never include the job statistics that these people are actually working in?
IE: You have 10 people, 5 women and 5 men. If the men work STEM jobs, and the women are all teachers, then that wage gap is going to exist by default.
This.
The apples to apples comparisons are MUCH MUCH closer. Men still make slightly more, but it isn't some absurd gap like this OP.
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