5:30 am
Judy
Unfortunately I retired weeks before my 401k took a straight slide down and lost nearly my whole retirement. Now I live on Social Security. Not what I planned at all!!!
9:56 am
tuco
Sorry Judy. That scares me too. And yet those who pushed to replace pensions with 401Ks want to privatize SS. I know who is not my friend.
10:18 am
tuco
The noose is tightening. "Get Me Roger Stone"
11:35 am
Phil
In Aus they get average earnings from around 5000 employers and are specific to full time male employees to reduce variables. Mainly used to track trends in wages.
2:04 pm
CLG47
Phil - why full time 'male' employees? Are they the only wage earners? Like a female friend of mine said after she had 2 children, adopted her husbands 2 and divorced the man and was supporting all 4 children - 'men in her department were making higher wages because they had 'families to support". She became the head of the major department for the pacific area of the U.S. so don't try to tell me she was not competent. Female employees are not a variable.
10:09 pm
Phil
CLG47, its done that way to minimise the variables.
10:13 pm
Phil
There's great debate here about the gender pay gap and making sure that it's closed. In the services it's equal and in most companies there's a genuine effort to have greater transparency. Still far too often we find there's around a 25% difference which is totally unnaceptable
10:40 pm
TallMike
It seems laughable to track trends in wages using a method which does not count earnings of female employees - and then to justify it by saying that female employees earnings are more variable and therefore would distort the results.