Private Sector screwing up

#179
#179
Cash Vallin said:
more private sector screwing..

Equal pay is still a dream for many women - STLtoday.com

"According to U.S. Census Bureau statistics, women who work full-time earned an average of 78 cents to every dollar earned by men. That's right — working women earn 22 percent less than their male counterparts."

"Median earnings for women of color generally are even lower. In 2007, the earnings for African-American women were 68.7 percent of men's earnings, and Latina earnings were 59 percent of men's. "
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That's interesting. I would like to add:

According to the Bureau of Labor Statistics’s (BLS) most recent annual report, “Highlights of Women’s Earnings in 2008,” women who worked full-time in 2008 had median earnings of $638 per week, or about 80 percent of the $798 median weekly earnings for men working full-time.

But for single workers who have never been married, the BLS reports that women made 94.2 percent as much money as their male counterparts in 2008. Equal Pay Day would fall on January 22 for these single females, almost three months earlier than the official, unadjusted Equal Pay Day of April 20 for all women. For a separate BLS category of single workers, those with “no children under 18 years old and whose marital status includes never married, divorced, separated and widowed,” women earned 95.6 percent as much as their male counterparts in 2008. Equal Pay Day for that group of single female workers would fall even earlier, on January 19, only a few weeks into the year.

While the Equal Pay Day advocates emphasize gender discrimination as the most important source of wage differentials, the reality is that most of the wage gap can be explained by life choices that involve family considerations, work hours, and career choices. The BLS data highlighted above show that simply controlling for marriage and children explains more than 70 percent of the unadjusted wage gap. Other factors could easily account for the rest.

Some other issues to consider on Equal Pay Day:

1. On average, men work 5.6 more hours per week than women—the equivalent of seven additional weeks of full-time work per year (see chart above). That would put “Equal Work Day” at the end of February, symbolizing how far the average women would have to work into 2010 to equal the same number of hours that the average man worked in 2009.

2. The unemployment rate for men has been greater than the jobless rate for women for the last 40 months, and job losses during the depth of the last recession were four times greater for men.

3. There were 1,277 male occupational fatalities in 2008 for every 100 female work-related deaths, a ratio of almost 13:1.

An important question then for women on Equal Pay Day: Would perfect labor market equality really be worth it if it meant working 280 more hours per year, having a much greater chance of being unemployed during recessions, and being significantly more exposed to work-related injury and death?
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Shout out to Mark Perry
 
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#180
#180
Cash Vallin said:
more private sector screwing..

Equal pay is still a dream for many women - STLtoday.com

"According to U.S. Census Bureau statistics, women who work full-time earned an average of 78 cents to every dollar earned by men. That's right — working women earn 22 percent less than their male counterparts."

"Median earnings for women of color generally are even lower. In 2007, the earnings for African-American women were 68.7 percent of men's earnings, and Latina earnings were 59 percent of men's. "
Click to expand...

Just to play devil's advocate.....more public sector screwing. . .

Articles & Commentary

Without the policies followed by Fannie Mae and Freddie Mac--and the destructive changes in housing and mortgage policies, like authorizing subprime and Alt-A mortgages for impecunious borrowers--the crisis would not have happened.

Without warning, the federal government's 30-year policy of bailing out large banks changed when it allowed Lehman Brothers to fail. The Federal Reserve acted forcefully and determinedly to lessen the fallout from Lehman's collapse, but much damage was done.

Would bankers have made so many errors if there had never been a too-big-to-fail policy? Not all bankers overinvested in mortgages, but some got up to dance, believing that they would profit and the rest of us would pay to prevent failures.
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#181
#181
the so called glass ceiling has to do with women being the primary caregiver in most households. you can't expect to work less hours and make the same pay.
 
#182
#182
droski said:
the so called glass ceiling has to do with women being the primary caregiver in most households. you can't expect to work less hours and make the same pay.
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That may not have been true 100 years ago, but it certainly appears more and more true today.
 
#184
#184
paul1454 said:
You'll find a significant number of regular posters in this forum are socially moderate to liberal. Just because someone is fiscally conservative doesn't make them a republican.
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Agree 100%. Likewise, because someone is a social liberal doesn't always make them a democrat.

More times than not, though, many from the right in these forums assume someone is a liberal just because they might disagree with their far right conservative views. It's more often than not because this part of the country is predominantly conservative. Not just fiscally either.
 
#185
#185
Cash Vallin said:
more private sector screwing..

Equal pay is still a dream for many women - STLtoday.com

"According to U.S. Census Bureau statistics, women who work full-time earned an average of 78 cents to every dollar earned by men. That's right — working women earn 22 percent less than their male counterparts."

"Median earnings for women of color generally are even lower. In 2007, the earnings for African-American women were 68.7 percent of men's earnings, and Latina earnings were 59 percent of men's. "
Click to expand...

Is there a reason why you don't complain about gov't??????

Oh....... that's right.........
 
#186
#186
truefan said:
Agree 100%. Likewise, because someone is a social liberal doesn't always make them a democrat.

More times than not, though, many from the right in these forums assume someone is a liberal just because they might disagree with their far right conservative views. It's more often than not because this part of the country is predominantly conservative. Not just fiscally either.
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If you are not fiscally conservatve you are the enemy of freedom.

Socially, no one should give a crap what any one does!
 
#187
#187
OrangeEmpire said:
Is there a reason why you don't complain about gov't??????

Oh....... that's right.........
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The reason for this thread is simply to prove the private sector has its flaws too, just like the government. Despite that, people want 100 percent private sector in this country. To me, that's a dangerous, dangerous thought just based on these few examples. You know, and I know, this thread could go on forever.
 
#189
#189
Cash Vallin said:
The reason for this thread is simply to prove the private sector has its flaws too, just like the government. Despite that, people want 100 percent private sector in this country. To me, that's a dangerous, dangerous thought just based on these few examples. You know, and I know, this thread could go on forever.
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yet there are many, many more success stories from the private sector than from gov't (in fact there are very few if any). You like govt, we get that. One day you'll realize that the idiots in govt are there because they couldn't get a real job.
 
#190
#190
Cash Vallin said:
The reason for this thread is simply to prove the private sector has its flaws too, just like the government. Despite that, people want 100 percent private sector in this country. To me, that's a dangerous, dangerous thought just based on these few examples. You know, and I know, this thread could go on forever.
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the sad part is you haven't proven anything except your lack of knowledge about insurance and investment decisions.
 
#191
#191
we'll agree to disagree... this is a mostly conservative board, so of course you're not gonna like what i'm saying... if this was a mostly democratic board, they'd love it and think the point was proven plenty

EDIT: Droski's next post: And the democrats would be wrong... or something along those lines.
 
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#192
#192
utvolpj said:
yet there are many, many more success stories from the private sector than from gov't (in fact there are very few if any). You like govt, we get that. One day you'll realize that the idiots in govt are there because they couldn't get a real job.
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there are few if any???? just not a true statement... you might not like it, but the government is needed as is the private sector. there has to be a mix.
 
#193
#193
i haven't met any democrats besides you who think businesses are getting rich by taking out insurance policies on their employees.
 
#194
#194
truefan said:
Agree 100%. Likewise, because someone is a social liberal doesn't always make them a democrat.

More times than not, though, many from the right in these forums assume someone is a liberal just because they might disagree with their far right conservative views. It's more often than not because this part of the country is predominantly conservative. Not just fiscally either.
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The corollary of this is true as well.
 
#195
#195
droski said:
i haven't met any democrats besides you who think businesses are getting rich by taking out insurance policies on their employees.
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i guess you haven't read this thread either... your republican buddies on here seem to think it makes the companies money...

which way is it?? I brought this up earlier... Shockingly, you ignored it.
 
#196
#196
Cash Vallin said:
we'll agree to disagree... this is a mostly conservative board, so of course you're not gonna like what i'm saying... if this was a mostly democratic board, they'd love it and think the point was proven plenty
.
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proving a point has little to do with political leaning.
 
#197
#197
Cash Vallin said:
i guess you haven't read this thread either... your republican buddies on here seem to think it makes the companies money...

which way is it?? I brought this up earlier... Shockingly, you ignored it.
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actually i did respond to this.

have you ever heard the term opportunity cost?

baring the insurance companies going under or the person living till 100 (which happens) the policies do give a positive return to the holder. but there are about 1,000,000 investment products with higher returns hence the reason why the insurance companies aren't going bankrupt by issuing these policies. any company who buys these policies as an investment rather than what htey are, INSURANCE, should fire their CFO immediately.
 
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