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Nevertheless, it can confidently be concluded that, collectively, those factors account for a major portion and, possibly, almost all of the raw gender wage gap.[301] * In 2013, 54% of Mexico and Central American immigrants aged 25–64 did not have a high school diploma or GED, as compared to 7% of people born in the U. There is something fundamentally misleading about measuring gains to family earnings provided by increases in women’s employment that do not account for the reduction in living standards resulting from declines in time devoted to unpaid work.[327] Greater labor force participation is associated with higher tax revenues because the number of employed people, and therefore the number of people paying income and payroll taxes, tends to rise.It is also associated with lower spending on means-tested programs (which provide cash payments or other forms of assistance to people with relatively low income or few assets), such as Medicaid, and on refundable tax credits.Countries with low GDP per capita and slow growth in GDP per capita are less able to satisfy basic needs for food, shelter, clothing, education, and health.[260] [261] [262] * In 2006, the World Bank analyzed the capital resources of 118 nations and found that the wealth of most nations is mainly comprised of intangible capital.In about 85% of these countries, intangible capital accounted for more than half of their wealth.[270] Per the study: Today, women make up about half our workforce.

* In 2013, cash wages and salaries accounted for 61% of market income for U. This varied by income group on average as follows: * Gross domestic product (GDP) measures national economic output, or the value of all goods and services that a country produces in a year.Changes in the labor force participation rate can distort the significance of the unemployment rate—that is, the share of people in the labor force without a job—as a measure of the health of the economy.For example, between the end of the 2007–2009 recession and 2017, the unemployment rate for people ages 25 to 54 fell by 4.5 percentage points even though the share of that population with a job increased by just 3 percentage points.GDP is defined by the equation: Hours worked × Labor productivity.[76] [77] GDP per capita provides a general index of a country’s standard of living.Countries with low GDP per capita and slow growth in GDP per capita are less able to satisfy basic needs for food, shelter, clothing, education, and health.[78] * In 2012, the Journal of Economic Perspectives published a paper about the economic consequences of government debt.

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For our sample of working men and women between the ages of 26 and 34 in 1990, the average female wage rate was 87.4% of the average male wage rate; but when an index of total compensation is used, the estimate rises to 96.4% of male compensation.

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