1 This Morning's Income Inequality News | The Billfold

This Morning’s Income Inequality News

Full-time female workers earn 79 cents for every $1 earned by men. At the current annual gain of 0.4 cents, they will achieve parity by mid-2063.

A government figure that measures the gap between rich and poor shows U.S. income inequality has surpassed the level found in Rwanda and is now double Sweden’s rate. The gap was highest in the Naples-Marco Island, Florida, metro area.

New numbers from the U.S. Census bureau have been released today, and it has a lot of gloomy news: women still earning less than men; the gap between the rich and poor is larger; we’re taking longer commutes to get to work (25.5 minutes on average); salaries have fallen or have remained flat for the 339 of 526 occupations tracked by the Census; household income dropped to $50,502, a 2 percent inflation-adjusted drop.

In other news, low-income smokers in New York are spending 25 percent of their income on cigarettes. Also, this. And how are you today?


7 Comments / Post A Comment

MuffyStJohn (#280)

Why did you have to mention smoking? I just started up again after 2.5 years off, and I hate myself for it – not because I’m coughing and smell gross and am suddenly much more fidgety than I was before, but because JESUS CHRIST $7 FOR A PACK OF CIGARETTES ARE YOU SHITTING ME. But governments know that price changes on goods of addiction are resistant to changes in demand, so they tax the living daylights out of them. And since smokers are pariahs (and often also poor), and drinkers are just normal hard-working people who like wine with dinner, it’s the smokers who bear the brunt of these tax policies. Not saying I don’t agree with it from a public-health perspective, but it’s shitty that governments knowingly place a heavy tax burden on low-income people and then don’t offer them sufficient help with quitting a terrible, nasty habit.

Also, someday my vagina would like to earn a whole dollar. I’m not holding my breath though.

r&rkd (#1,657)

I guess one problem with taxing booze might be that it would lead drinkers to move to a lower price-point, at least partly undermining the public health and revenue-generating objectives. I think that’s not so possible with cigarettes, but maybe not, I don’t know that much about smoking?

Megano! (#124)


TARDIStime (#1,633)

@Megano! Sista, PREACH! 1.5 hrs up here, each way, minimum.

It’s very worth noting that the .79:1 wage gap applies to white women. The gaps are significantly wider when you take race into account. Readnfight @ tumblr made some very interesting graphs on the subject a few months ago.

*Sigh* Mike Dang, between this and your last post yesterday on doing what you love (which was great by the way, and made me think a lot like this site always does), I feel we all just need to go sit in a room with some puppies for a while and try to temporarily forget all this troubling stuff.

sony_b (#225)

Geez. Larry is number three. He cut the corporate bonus pool by two thirds this year. I didn’t get one, my manager didnt get one. I think the Exec VPs did. No raises either. Trickledown works as well as it always has.

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