Which Race Earns Most in US? The Numbers May Surprise You
If you think members of the good old white boys club sit comfortably on top of the salary food chain in the US, surprise surprise! It's Asians who earn the most, according to the numbers recently released by the Bureau of Labor Statistics. The median full time wage for an Asian man was $941 in the fourth quarter of 2009.
The latest findings show that median earnings for white men working at full-time jobs came in at $850 in the fourth quarter, while their African American counterparts made $653 per week, or 76.8 percent of what whites are bringing home. But it's the Hispanics who really feel the pain: They take home the lowest weekly average; $547. That's $581 for males, and $503 for females.
But at least everyone, blacks, whites, Asians, Hispanics, males and females earned more in the fourth quarter of 2009 than they did in the fourth quarter of 2008. Median weekly earnings are up 2.7 percent across the board.
Interestingly enough, racial differences in median weekly salaries are less among women than they are among men. Median earnings for black women ($610) were 89.8 percent of those for white women ($679). And it's still Asian women who average the highest earnings, at $786, and Latinas who average the lowest, at $512.
We can leave it to the sociologists and number crunchers to figure out why and how the racial and gender disparities exist, but what I want to know is where those of us women of Scandinavian descent fit in.
Lisa Johnson Mandell is an award-winning multi-media journalist and author of Career Comeback--Repackage Yourself to Get the Job You Want. Her work has been translated into 20 different languages, and she is a frequent expert guest and commentator on news and talk shows. She has been featured in The Wall St. Journal, on the CBS Early Show, NBC Today, CNBC, Fox Business News, Dr. Phil, Oprah.com and many other media outlets. Lisa discusses her AOL pieces each week and interviews vital guests on the web TV show, This Week in Careers. Learn more on LisaJohnsonMandell.com.