Valerie’s Fed presentation figures

Figure 1

Black–white wage gaps are wider now than 40 years ago and largely unexplained by factors associated with individual productivity: Average and regression-adjusted Black–white wage gaps, 1979–2019

Black–white gap (average) Black–white gap (regression-based)
1979 17.30% 8.60%
1980 17.40% 8.60%
1981 17.40% 8.20%
1982 19.10% 9.90%
1983 18.20% 9.30%
1984 19.00% 10.20%
1985 20.00% 10.60%
1986 20.30% 10.40%
1987 20.20% 10.50%
1988 19.70% 9.80%
1989 20.50% 10.70%
1990 21.20% 10.90%
1991 20.60% 10.80%
1992 20.40% 10.80%
1993 20.00% 10.80%
1994 20.00% 10.70%
1995 20.90% 10.70%
1996 23.00% 12.90%
1997 22.80% 12.10%
1998 21.80% 10.50%
1999 22.10% 10.70%
2000 21.80% 10.20%
2001 23.10% 11.50%
2002 23.20% 11.30%
2003 22.00% 10.70%
2004 22.10% 10.50%
2005 23.50% 12.30%
2006 22.10% 11.40%
2007 23.50% 12.20%
2008 24.10% 12.60%
2009 24.00% 11.70%
2010 23.90% 11.90%
2011 23.70% 12.40%
2012 24.60% 12.70%
2013 24.80% 13.10%
2014 24.80% 13.90%
2015 26.10% 14.50%
2016 26.20% 13.60%
2017 27.50% 15.50%
2018 27.50% 16.20%
2019 26.50% 14.90%
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Source: Economic Policy Institute (EPI). 2020. Current Population Survey Extracts, Version 1.0.4, https://microdata.epi.org.

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Figure 2

The intersection of race and gender imposes dual wage penalties on Black women: Regression-adjusted hourly wage gaps relative to white men, by race and gender, 1979--2019

Black men Black women White women
1979 14.90% 42.50% 39.70%
1980 15.60% 41.50% 38.80%
1981 14.70% 40.30% 37.80%
1982 17.10% 40.50% 36.60%
1983 16.20% 38.90% 35.50%
1984 16.60% 39.70% 35.20%
1985 18.60% 39.40% 35.40%
1986 17.70% 38.90% 35.00%
1987 17.50% 38.20% 34.30%
1988 16.00% 37.90% 33.50%
1989 17.80% 36.10% 31.10%
1990 17.70% 35.30% 29.80%
1991 18.40% 32.70% 28.30%
1992 18.40% 31.20% 26.70%
1993 18.20% 30.60% 25.70%
1994 16.70% 31.60% 25.40%
1995 17.50% 31.70% 26.40%
1996 19.80% 33.30% 25.90%
1997 19.50% 32.90% 26.40%
1998 17.30% 31.30% 25.90%
1999 17.70% 31.80% 26.50%
2000 17.80% 30.80% 26.70%
2001 18.60% 32.10% 25.70%
2002 17.80% 30.80% 24.60%
2003 18.00% 30.00% 24.80%
2004 17.70% 30.00% 25.30%
2005 19.40% 31.30% 24.50%
2006 18.40% 30.50% 24.80%
2007 19.80% 31.30% 25.40%
2008 20.50% 31.70% 25.10%
2009 19.70% 30.60% 25.20%
2010 19.10% 29.70% 23.90%
2011 18.70% 29.60% 22.80%
2012 19.20% 31.70% 24.40%
2013 20.20% 31.30% 23.90%
2014 20.90% 31.70% 23.70%
2015 21.00% 32.70% 24.50%
2016 19.90% 31.80% 24.20%
2017 22.20% 33.40% 23.80%
2018 23.60% 35.00% 25.40%
2019 22.20% 33.70% 25.70%
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Source: Economic Policy Institute (EPI). 2020. Current Population Survey Extracts, Version 1.0.4, https://microdata.epi.org.

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Figure 3

Wage growth was stronger among workers with a bachelor's degree in the late 1990s than during the current expansion : Real average wage growth, workers with a bachelor's degree, 1996–2000 and 2015–2019

1996-2000 2015-2019
Men 12.5% 5.3%
Women 11.5% 3.9%
White 12.4% 4.8%
Black 12.8% -0.7%
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The data below can be saved or copied directly into Excel.

Source: Economic Policy Institute (EPI). 2020. Current Population Survey Extracts, Version 1.0.4, https://microdata.epi.org.

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