Did CEOs take a pay hit like many workers did during the pandemic? The article CEO pay has skyrocketed 1,322% since 1978 by Lawrence Mishel and Jori Kandra (8/10/2021) suggests CEOs did just fine last year. Their chart shows that realized CEO compensation grew during 2020 compared to the average …Read More »
How much debt do students have by race?
The EducationalData.org post Student Loan Debt by Race by Melanie Hanson (6/9/21) has three excellent graphs such as the one copied here. It may not be surprising that Asians have the least debt given Asians have the highest income, but Hispanic and Latino debt is almost identical to White and …Read More »
How’s the labor market for college grads?
The Federal Reserve Bank of New York’s page The Labor Market for Recent College Graduates has a number of graphs related to employment for recent and not so recent grads. For example, their graph here is the percent that are underemployed defined as The underemployment rate is defined as the …Read More »
How has unemployment changed over the last year?
The U.S. Bureau of Labor Statistics has an interactive graph of unemployment for cities from Jan 2020 to Jan 2021. Unemployment rates were higher in January 2021 than a year earlier in 376 of the 389 metro areas, lower in 9 areas, and unchanged in 4 areas. The largest over-the-year …Read More »
What is the distribution of global income?
The Our World in Data article How much economic growth is necessary to reduce global poverty by Max Roser (2/15/2021) includes the graph copied here. Note that all countries incomes are adjusted for price differences so it is fair comparison from county to country. It is easy to forget how …Read More »
Why did wages grow in 2020?
The EPI article, Wages grew in 2020 because the bottom fell out of the low-wage labor market, by Elise Gould and Jori Kandra (2/24/2021) provides insights into changes in the labor market this past year. Key find: Wages grew largely because more than 80% of the 9.6 million net jobs …Read More »
How are the top 0.1% doing?
The EPI article Wages for the top1% skyrocketed 160% since 1979 while the share of wages for the bottom 90% shrunk by Lawrence Mishel and Jori Kandra (12/1/2020) reports: As Figure A shows, the top 1.0% of earners are now paid 160.3% more than they were in 1979. Even more …Read More »
How many people live in poverty?
It depends on what we mean by poverty. The World Bank blog post A quarter of the world lives in societal poverty by Marta Schoch, Dean Mitchell Joliffe, & Christoph Lakner (12/2/2020): Measures of absolute poverty, such as poverty at the US$1.90, US$3.20 and the US$5.50 international poverty lines, have the advantage of …Read More »
Who earned the most in the 3rd quarter of 2020?
The U.S. Bureau of Labor Statistics has a Graphics for Economic News Releases page. The graph copied here is median usual weekly earnings of full-time wage and salary workers. Most of the patters are not a surprise, such as men earning more than women. What may be new here is …Read More »
How do we compare the racial differences in home ownership?
To address this question we start with a recent post by Kevin Drum (10/23/2020): Are Black Homeowners Suffering from Slow Price Growth? There’s no question that homes in majority-Black neighborhoods are undervalued compared to similar homes in majority-White neighborhoods, but do they also appreciate more slowly? The article goes through …Read More »