Why are some Occupations Paid More than Others?

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PowerPointWeek4.pptx

Why Are some occupations paid better than others?

ECO /365

Justin Lavinder

Timothy Ramos

Luis Garcia

Data extracted on: September 8, 2017 (11:21:36 PM)

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Series Id: CES0600000001

Seasonally Adjusted

Series Title: All employees, thousands, goods-producing, seasonally adjusted

Super Sector: Goods-producing

Industry: Goods-producing

NAICS Code: -

Data Type: ALL EMPLOYEES, THOUSANDS

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 22439 22334 22391 22350 22323 22323 22277 22165 22093 22056 22015 21976
2008 21947 21897 21820 21681 21599 21483 21360 21250 21101 20895 20623 20322
2009 19889 19575 19227 18894 18655 18422 18278 18151 18043 17915 17869 17792
2010 17707 17627 17672 17729 17742 17763 17777 17793 17787 17801 17827 17796
2011 17784 17844 17906 17957 18007 18045 18094 18120 18167 18188 18187 18244
2012 18304 18334 18372 18384 18386 18411 18447 18459 18461 18472 18477 18532
2013 18572 18650 18668 18660 18693 18724 18702 18760 18809 18851 18900 18881
2014 18947 18994 19052 19114 19150 19196 19256 19311 19360 19402 19442 19477
2015 19521 19542 19530 19560 19591 19603 19627 19624 19614 19656 19688 19730
2016 19754 19747 19752 19743 19699 19705 19731 19707 19718 19727 19762 19794
2017 19845 19933 19950 19969 19982 20024 20047 20117

•What are trends in the labor market for the chosen labor group that you can identify for the last 10 years?

What factors affected the demand and supply for this labor group during the last 10 years?

Why do actors and actresses earn so much compared to the chosen labor group?

Why do hedge fund executives earn so much compared to the chosen labor group?

In addition to wages, what other factors influence an individual to choose one job over another?

What jobs do you think have the best mix of salary and other characteristics that individuals care about?

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