The FAQ

[lumberjack_jeff]

1. Economy

Last edited Sat Jun 9, 2012, 04:18 PM - Edit history (5)

[font color="blue" size=4 face=courier]Employment[/font]
Here's the unemployment to population ratio among men


[font color="blue" size=4 face=courier]Unemployment[/font]
As of December 2011, 910,000 more men than women are unemployed, even after recovering from "the mancession".
http://www.bls.gov/news.release/empsit.t02.htm

http://www.economist.com/node/18618613

...The project is at the sharp end of one of America’s biggest economic problems: the decline in work among men. Of all the big, rich Group of Seven economies, America has the lowest share of “prime age” males in work: just over 80% of those aged between 25 and 54 have a job. In the late 1960s 95% worked.


This collapse of work partly reflects the recession of 2008-09, which drove America’s unemployment rate into double digits. It is still high—9.3% for men—and almost half of the jobless have been out of work for more than six months. But there is another cause, less noticed and of longer standing. To count as unemployed, you have to be looking for work, yet ever more men have simply dropped out of the recorded labour force. Some, it is true, work “off the books”; but many receive disability insurance, are in prison, live on spouses’ or partners’ incomes, or have otherwise given up looking for a job. America has a smaller share of prime-age men in the workforce (ie, in a job or seeking one) than any other G7 economy (see chart 1).

The decline of the working American man has been most marked among the less educated and blacks. If you adjust official data to include men in prison or the armed forces (who are left out of the raw numbers), around 35% of 25- to 54-year-old men with no high-school diploma have no job, up from around 10% in the 1960s. Of those who finished high school but did not go to college, the fraction without work has climbed from below 5% in the 1960s to almost 25% (see chart 2). Among blacks, more than 30% overall and almost 70% of high-school dropouts have no job.
<snip>
A second explanation is that American men have let their schooling slide. Those aged between 25 and 34 are less likely to have a degree than 45- to 54-year-olds. As David Autor of MIT points out, they are also less likely to have completed college than their contemporaries in Britain, Denmark, France, Ireland, the Netherlands and Spain. In recent years America’s university graduation rates have slipped from near the top of the world league to the middle. Men are far likelier than women to drop out. Their record at school is bad too. This educational decline has a racial edge. Black and Hispanic boys are far less likely to graduate from high school than white or Asian youths. A smaller fraction starts college and a larger fraction drops out.

[font color="blue" size=4 face=courier]The wage gap[/font]
In 2007 (before the mancession) the American Association of University Women reported...
http://www.aauw.org/learn/research/upload/behindPayGap.pdf

If a woman and a man make the same choices, will they
receive the same pay? The answer is no. The evidence shows that even when the “explanations” for the pay gap are included in a regression, they cannot fully explain the pay disparity. The regressions for earnings one year after college indicate that when all variables are included, about one quarter of the pay gap is attributable to gender. That is, after controlling for all the factors known to affect earnings, college-educated women earn about 5 percent less than college-educated men earn. Thus, while discrimination cannot be measured directly, it is reasonable to assume that this pay gap is the product of gender discrimination

.

If a man and a woman work the same hours, in the same job, with the same experience, the 2007 pay gap was 5%. One of the factors that they overlooked to explain the remaining 5% is the fact that women tend to not negotiate for salary. Bear in mind, this study was created before men's unemployment shot up from about 8% to about 11%.

[font color="blue" size=4 face=courier]Wages[/font]

This generation of men will earn 28% less than their grandfathers.
http://economix.blogs.nytimes.com/2011/03/04/the-struggles-of-men/