CHRIS SWANN takes on the meme that the current downturn is a “man-cession”—that is, a contraction that has hit men relatively hard. Felix Salmon summarises:
Chris Swann reports that, yes, men have suffered 75% of the job losses in this recession. But look at the last recession: they suffered 86% of the job losses in that one. And the recession before that? More than 98% of the job losses.
Mr Swan closes:
As the slide in manufacturing and production tails off, male workers can expect some relief. The problems of many women in the workforce are far more ingrained and harder to deal with. Man-cession aside, it’s still a man’s world.
As Mr Swann notes, pay differences persist even when hours worked and profession are taken into account. And female compensation has fallen more during the recession than has male pay. While job losses in housing and finance industries and in manufacturing have affected men more than women, it makes little sense to characterise the downturn as particularly bad for males.