New York SBDC Research Network

 If you need a reason to start a business, the gender wage gap may be a factor. The Census has created a new visualization of the disparity between male and female wages. I checked out the map and had a peek at New York State which has a nearly $9000 pay gap. This article acknowledges contributing factors to the discrepancy including age, hours worked, children, and level of education as well as the types of jobs held.

Excerpt from an article by Amy Newcomb To read more, visit  Census.gov "Women continue to earn less than men in nearly all occupations, but this is more pronounced in fields that predominantly employ men and in professions with a comparable mix of men and women. The largest pay gap is within the finance and sales professions. Overall, women are also more likely to be employed in lower-paying jobs. “The pay gap has narrowed over the last 50 years,” said Lynda Laughlin, chief of the Industry and Occupation Statistics Branch at the U.S. Census Bureau. `However, the gender pay gap continues across the board in almost all occupations. In 2016, median earnings for women was $40,675, compared with $50,741 for men.'"

From PR Newswire : According to job site Glassdoor, the annual median base pay in the United States grew 1.6 percent year over year (YOY) in October 2017 to $51,220. The Glassdoor Local Pay Reports show pay growth ticked up slightly from a revised 1.4 percent growth last month. Pay growth peaked in January 2017 at a revised 3.5 percent. The Glassdoor Local Pay Reports provide a unique monthly view into the country's wage picture with salary estimates for nearly 85 job titles and year-over-year pay growth trends in the United States. The reports include details on 10 major metros: Atlanta, Boston, Chicago, Houston, Los Angeles, New York City, Philadelphia, San Francisco, Seattle and Washington, D.C.1 "U.S. wage growth is steady but slow. We've seen incremental increases over the past few months after a slight decline of U.S. median pay over the summer months. While we are still well below the 3.5 percent pay growth rate of January, I am encouraged by the slight salary

On a business listserv, one librarian pointed out a good resource for global corporate tax rates, 2006 - current , a website called Trading Economics. But the page is great for so much more: There are real time currency and stock market data for all over the world. Plus it has data on several topics. For instance- Labor: Employed Persons, Job Vacancies, Minimum Wages, Payrolls, Population, Productivity, Retirement Age, Unemployment Rate, Wages Prices: Consumer Price Index, Export Prices, Inflation Rate, Producer Prices Also several other categories, including Markets, GDP, Money, Trade, Government, Business, Consumer, Housing, Taxes If you are involved in international trade or just want info for markets across the world, check out Trading Economics

For U.S. workers, access to employer-provided leave is closely related to how much they earn. Specifically, low-wage workers have substantially less access to leave benefits from their employers than higher paid workers. This was one of many interesting findings in a recent Bureau of Labor Statistics article, A look at pay at the top, the bottom, and in between . while less than two-thirds (61 percent) of workers in the private sector have access to paid sick leave, an even lower proportion (only 30 percent) of workers among the lowest paid 25 percent have access to paid sick leave. In sharp contrast, the highest paid 10 percent of workers are almost three times more likely to have access to paid sick leave than those in the lowest paid 25 percent. Across all paid leave categories, (holidays, sick leave, vacation, personal, and family leave) workers in the lowest 25 percent of wage earners are two to four times less likely to have access to any form of paid leave compared with work

Washington's Birthday or Presidents' Day honors U.S. presidents, including George Washington, our nation's first president. There are 261 counties that bear the name of a U.S. president, but not all are named in honor of the president whose name they share. Reagan County, Texas, had the highest average weekly wage ($1,201) among all counties bearing the name of a U.S. president in June 2014. This county, near Midland, was not named for President Reagan. Two counties named in honor of President Washington, one in Oregon and one in Alabama, were the only other counties with presidential names that had average weekly wages greater than $1,000 in June 2014. The average weekly wage was $1,183 in Washington County, Oregon (part of the Portland metropolitan area), and $1,179 in Washington County, Alabama (near Mobile). Average weekly wages in the remaining 29 counties named for Washington ranged from $428 in Washington County, Missouri, to $940 in Washington County, Pennsylvania

In May 2013, almost 4.5 million people in the United States were employed as retail salespersons. Nationally, retail salespersons earned an annual mean wage of $25,370. The annual median wage for retail salespersons was $21,140. Among the states, retail salespersons in Washington had the highest annual mean wage of $28,920. Alaska had the highest annual median wage for retail salespersons, at $24,030. On average, retail salespersons in West Virginia earned the least in May 2013, at $22,920. The median wage for retail salespersons in West Virginia was $19,450. These data come from the Occupational Employment Statistics program . For maps exploring employment and wage data for more than 800 occupations, see the OES interactive map changer tool. A percentile wage divides the workers in an occupation into two groups: those earning less, and those earning more. For example, a 10th percentile wage indicates that 10 percent of workers earn less than the stated amount, and 90 percent earn

Perceived pay fairness for employees is just as important as the reality of it. Employees need to feel that the hard work they put into their job matches what they get back from it—and pay is an important part of this evaluation. The importance of pay fairness to employees is obvious in its relationship to employee engagement, turnover intentions, work stress, psychological and physical health, and life satisfaction. But fair pay isn’t just important to employees—it’s also in your company’s best interest. Go HERE to download your complimentary WorkTrends Report, “Perception is Reality: The Importance of Pay Fairness to Employees and Organizations. *** To that end: New York Sushi Restaurant Eliminates Tipping Because It Pays Waiters A Salary With Benefits : Most restaurants use tips as an excuse to pay their servers less, even though surveys find employers often duck the federal requirement that only allows them to pay below minimum wage if tips make up the difference. As a resu

Bureau of Labor Statistics, U.S. Department of Labor In 2011, women working full time in management, business, and financial operations jobs had the highest median weekly earnings of any major occupational category ($977). Within this occupation group, women who were chief executives and computer and information systems managers had median weekly earnings of $1,464 and $1,543, respectively.

A while ago, there used to exist a multi-volume set called the "Dictionary of Occupations". It has since been folded into the O*NET Online website . This is a handy site to use when you have businesses starting out, or looking to expand (there are some out there . . . really), and need some kind of basis to write a job description. This site is far more user-friendly than the old DofO, which was laid out in a less-than-intuitive classification system. Once you have that, you'll need to know rough estimates of what to pay those who are hired. For that, check out the "Wages by Area and Occupation" section on the Bureau of Labor Statistics website, here .