At the end of August I posted about the number of manufacturing jobs in the U.S in the post How many people are employed in manufacturing? The Census Bureau has a recent post, Manufacturing Still Amon Top Five U.S. Employer by Adam Grundy (10/2/2020) that adds some context. Manufacturing is …Read More »
What is the connection between poverty and extracurricular activities?
The Census Bureau post Even Short-Term Spells of Poverty Lower School-Aged Children’s Involvement in Extracurricular Activities by Brian Know (9/23/2020) quantifies the challenges of students due to even temporary spells of poverty. The percentage of children ages 6 to 11 taking lessons was significantly different between those who were in …Read More »
What is median household income by race and ethnicity?
The EPI article Racial disparities in income and poverty remain largely unchanged amid strong income growth in 2019 by Valerie Wilson (9/16/2020) reports the data from the Census Bureau on income and poverty in the graph copied here. …real median household income increased 10.6% among Asian households (from $88,774 to …Read More »
How many people are employed in manufacturing?
Elections seem to bring out various statements about manufacturing employment in the U.S. So, here is a review of manufacturing in the U.S. The graph here was created using FRED, which is a great resource for economic data. As a percent of all employees, manufacturing peaked in the early 1940s …Read More »
Is the racial wealth gap evenly distributed by class?
The article The Racial Wealth Gap is About the Upper Classes by Matt Bruenig (6/29/2020) on the People’s Policy Project explains. First the racial wealth gap is large: If you take the net worth of all white households and divide it by the number of white households, you get $900,600. …Read More »
How has Covid-19 impacted unemployment by race?
The chart here comes from using FRED (Federal Reserve Economic Data). Since at least the 1970s Hispanic or Latino (using FRED terms) unemployment was consistently between Black or African American and White and more recently slightly closer to White unemployment. For possibly the first time since the 1970s Hispanic or …Read More »
How have wages grown since 1979?
The EPI article State of Working America Wages 2019 by Elise Gould (2/20/2020) provides a detailed summary of wage growth. For example, copied here is the third of over 20 charts. Note that he bottom 10 percent is barely above 0 and only recently got there. A related fact from …Read More »
Who has the highest Gini of G7 countries?
The Pew article 6 facts about economic inequality in the U.S. by Katherine Schaeffer (2/7/2020) provides the chart copied here (2017 data). One of the other facts mentioned in the article: In 1989, the richest 5% of families had 114 times as much wealth as families in the second quintile (one tier …Read More »
How have counties grown since the great recession?
The Washington Center for Equitable Growth article New measure of county-level GDP gives insight into local-level U.S. economic growth by Raksha Kopparam (12/16/2019) provides the map copied here. Making GDP a more useful metric may require peeling it apart and looking at the data more closely. On December 12, the …Read More »
How did minimum wage increases impact wage growth?
This graph from the EPI post Low-wage workers saw the biggest wage growth in sates that increased their minimum wage between 2018 and 2019 by Elise Gould (3/4/2020) answers part of the question. It is worth noting that: Strong wage growth at the 10th percentile is not simply due to …Read More »