Monday, July 29, 2019

Tuesday, July 9, 2019

Yearly Wage Growth - Gender vs Age

The Federal Reserve Bank of Atlanta Wage Growth Tracker segregated by Gender based on the 12 month moving averages indicates that from 1997 to the present the overall average Wage Growth Rate for  Females was 3.5% and for Males 3.6%.

Given the findings in my recent book Human Capital Systems Analytics and Mining that for nearly all GS Pay levels in the Federal Government there are virtually no differences between Genders with regard to pay, except at the highest compensation levels.


Based upon the consistency of virtually equal Yearly Compensation Gains across Gender as shown in the Wage Growth Chart since 1997 it may be assumed that Pay Differences between Genders has been largely overstated for the last two plus decades for all job levels below upper management and executive.

In Contrast to the Gender view to the Wage Growth by Age is much different.  Using the same Wage Growth Tracker noted above the 12 month moving averages indicates that from 1997 to the present the overall average Wage Growth Rate for the 16-24 Age Group was 6.7%, for the 25-54 Age Group 3.6% and for the 55+ Age Group 2.4%.

In terms of Wage Growth it is evident the the biggest disparity is not between the Genders but instead across Age Groups.  The most negatively affected are individuals in the 55+ Age Group.  Pay discrimination based on Age is what should merit the most scrutiny and attention.

The importance of research in Pay Discrimination based on Age is underscored due to the fact that individuals are living longer and more depend on some level work during retirement.