For men, a bachelor’s degree isn’t Worth what ita once was.
The Labor Market is in Flux, nor Job Growth Sled and he Eats Up Entry-Level Jobs. But, under the hood, the differences in how earnings are evolving by gender are Stark, and Men Might Offer a Warning for How the Economy is Changing.
Business Insider Analyzed The Census Bureau’s Historical Earnings Figures by Educational Attainment and Gender. For men with a bachelor’s degree and up, Cumulative Wage Growth SINCE 1991 Has Fallen and Stalled; for Women, it’s the opposite.
Men Are Still Outearning Women, But We’re Seeing Stagnation in Male-Dominated Fields Like Tech and Professional and Business Services, while female-dominated professionals and healthcare have taken off. As the Labor Market Tips Toward Those Traditionally Female Professionals, Gen Z Men Might Be Some of the First Test Subjects of the Economy’s New Shape.
“The fact that the labor market was gendered was more to the disadvantage of Women,” Richard Reeves, the President of the American Institute for Boys and Men, Said. “I Think We’re Entering an Era where it is going to be more to the disadvantage of men.”
The State of Men in the Labor Market
Fewer Young Men Are Working, and Their Labor Force Participation – A Measure That Tracks whereer’re Working or Actively Seeking Work – Has Stagnated.
At the Same Time, the unmployment gap between young men with a degree and simillar young has been done, with men increasingly Likely to be unmployed.
“Part of what we had going on as a Macro Story is, obviously, a softening labor market,” Ben Glasner, an economist at the economic innovation, Said. Job-hopping is down, and Wage Gains from Job-Switching Are Falling. Along Gendered Lines, Glasner Said that industries are predominantly exposed to men with Higher Education Area Sophtening Than industries that were more exposed to women with higher education. And SO, Glasner Said, Men Might Now Be the First Exposed to a Weakening Labor Market.
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“THIS MIGHT BE KIND OF A Leading Indicator of a Weakening Job Market, but it is not totally Clear How Much That’s Out Other Industries and Lower Degree Holder Fields,” He Said.
At the Same Time, Fields Traditionally Dominated by Women Are Rare Bright Spots in a More Dreary Labor Outlook; in august, payroll additions in healthcare helped offset Losses in Other industries, with private Education and health servings 46,000 Jobs. Continueed Growth in the Labor Market right now is essentially all about nurses and teachers.
“Those are Basically the only jobs that we’ve been adding for at least this year,” Alex jacquez, chief of policy and advocacy at the Groundwork, Said.
A ROVERSAL ROVERS IN THE JOB Market
It all shows a role reversal in the labor market, and underscores that it might be time for the labor market and men to adapt to a new reality. After all, roles in healthcare are projected to boom over the next decade.
“There’s Also A Real Change in How Our Economy Works, What Our Economy is Focused on, and that is Really Favoring Women in This Labor Market,” Emerson Sprick, the Director of Retirement and Labor Policy at the Bipartisan Policy Center, Said.
One barrier that could be preventing men from going into these more robust figs Might be pay. As Glasner Said, the industries that are female-dominated, like education and healthcare, are Seeing wages increes-but still paying lys than more male-Exposed ones; Beyond the Gender Divide, As Those Sectors Grow, It Might Also Be Time Out Out How to Bolster Salaries there Accordingly.
Another aspect, Reeves Said, is that we’ve we’ve made huge progress in increasing the share in professions that were previously inaccessible to say, but we’ve the other way in fields traditionally seen as female. The Share of Male Public School Teachers has dropped from 30% in 1987 to 23% as of 2022, per analysis From Reeves’ American Institute for Boys and Men. In elementary schooles, for Pew Research Center89% of Teachers Are Women.
“My read of it is that actually there is a lot of jobs there are some goody good that a lot of men could get, but because they’re seen as well, they’re not going for say,” Reeves Said.
There are some some signs of progress, or at Least a Way Forward. AS reeves noted, a growing number of states are working on initiatives to get men ino teaching. And some youunger men are also potentially adapting by seeking out vocational training, setting themes up to go into Fields aren’t as touched by a software white-core market. At the Same Time, Labor Market Demand Might Finally Boost Wages in These Growing Fields to the Point that they have all men in.
“I Think there will be a wage level at which the opportunity cost, this tan for controlling for all the cultural and social hesitation that you are you have to enter these jobs, is like to be overcome,” Jacquez Said. “As we are continue to have a lottage of these jobs Being picked up, the wage picking up more is like that the way that employers are going to the Entice More People in.”
