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AgdaPkt 2017-05-08 Special
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AgdaPkt 2017-05-08 Special
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Last modified
5/11/2017 8:30:17 AM
Creation date
5/4/2017 3:47:47 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Special
Agency Type
City Council
Date
5/8/2017
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Earnings <br />Earnings reflect the income derived from work- <br />ing at a job, as opposed to income, which in- <br />cludes monies derived from a broader set of <br />sources. In 2015, median earnings for all work- <br />ers 16 years and over living in Redwood City <br />was $55,657. This is a significant increase over <br />$47,382 in 2014 and helps to explain the dra- <br />matic increase in income discussed above. Me- <br />dian earnings in Redwood City are consider- <br />ably higher than in the County as a whole, the <br />Bay Area, California, and nationwide, with sig- <br />nificantly larger gains since 2007, just before the <br />Great Recession. <br />The median figure masks stark differences <br />in earnings across different levels of educa- <br />tional attainment and gender. The figure be- <br />low provides an indication of how earnings <br />changes with education and between men and <br />women. <br />Table 2. Earnings <br />Geography 2007 2015 % Change <br />Redwood City 42,082 55,657 32.3 <br />San Mateo County 44,137 50,265 13.9 <br />Bay Area 42,329 46,027 8.7 <br />California 33,727 35,482 5.2 <br />United States 31,661 35,059 10.7 <br />Source: U.S. Census Bureau, 1-year American <br />Community Summary Files. <br />In Redwood City, the upper left hand chart, men <br />with a graduate or professional degree make <br />nearly 5x more than those without a high school <br />diploma. For women, the same figure is just un- <br />der 4x more. Between men and women, the <br />difference ranges from women making slightly <br />more among those with some college or an as- <br />sociate’s degree ($42 thousand for women and <br />$41 thousand for men), so a very significant dif- <br />ference among those with graduate or profes- <br />sional degrees. At this highest category of edu- <br />cation, men make approximately 50% more than <br />do women. This difference is especially pro- <br />nounced in Redwood City, but is still significant <br />in the County, region, and state. <br />11
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