Analysis: Good Looks May Mean Better Pay - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 04-07-2005, 03:08 PM   #1
Rock n' Roll Doggie
 
Join Date: Dec 2004
Location: Strong Badia
Posts: 3,429
Local Time: 02:48 AM
Analysis: Good Looks May Mean Better Pay

Discuss.

====

http://news.yahoo.com/news?tmpl=stor.../looks_and_pay


By JIM SALTER, AP Business Writer


ST. LOUIS - Why wasn't I born rich instead of handsome? Or so the lament goes. But an office of the nation's central bank now says that if you're gorgeous, chances are better that you will get paid more than plain folks. Analysis by the Federal Reserve Bank of St. Louis suggests that good-looking people tend to make more money and get promoted more often than those with average looks. The analysis is published in the April edition of The Regional Economist, the Fed's quarterly magazine.


Research analyst Kristie Engemann and economist Michael Owyang looked at the possible link between appearance and wages by evaluating previous surveys and research. Their conclusion: It helps to be tall, slender and attractive. Less clear was whether the less attractive are victims of bias, or if good-looking people tend to develop self-confidence and social skills that simply enhance their marketability.


"It doesn't' seem like anti-discrimination laws, even if you enforce them strictly, would be a magic bullet," Owyang said.

The researchers cited one study that found a "plainness penalty" of 9 percent in wages — meaning a person with below-average looks tended to earn 9 percent less than those with average looks — and a "beauty premium" of 5 percent. A study concerning weight showed that women who were obese earned 17 percent lower wages than women of average weight.


Height matters, too, the researchers believe. One study looked at the height of 16-year-olds and the wages they earned later as adults. The taller teens went on to earn an average of 2.6 percent more per additional inch of height. "Maybe they developed extra confidence early on that their shorter counterparts didn't have," Engemann said. The researchers also cited a survey by journalist Malcolm Gladwell showing that the average chief executive is 3 inches taller than the average man. While a typical American male stands 5-foot-9, Gladwell's study found that about one-third of CEOs are 6-foot-2.


Jean Seawright, a human resources consultant from Winter Park, Fla., said the analysis backs up what she sees in the workplace. "To some degree, it's that the (boss) is drawn to certain characteristics, and they tend to put more weight on that," Seawright said. "What can happen, unfortunately, is that they miss more important job-related traits. "It hurts employment in the long-run because there are talented people out there who are not tall, blond, slender and attractive," Seawright said.


Engemann and Owyang said that in some cases, the attractive are simply more self-confident because of their good looks. For jobs where interpersonal interaction is important, that increased confidence can result in better communications skills that may improve job performance. "Employers might believe that customers or co-workers want to interact with more-attractive people," the researchers wrote. The research indicates that some people who are obese may be held back by health factors or low self-esteem. Yet discrimination also seemed to play a role. Researchers said the wage differential for obese women seemed to be limited to white women, "which seems to contradict an unmeasured productivity explanation."


Owyang and Engemann also cited a study indicating the beauty premium existed, even for occupations that do not require frequent interpersonal contact.

"As these results suggest, disentangling the effects of productivity differences and discrimination can be problematic," Owyang said. "Though discrimination is a possible explanation, anti-discrimination laws might not guarantee that these wage differentials would evaporate.


"Unmeasurable productivity might still result in pay disparities, and CEOs might still be tall."
__________________

__________________
nathan1977 is offline  
Old 04-07-2005, 03:27 PM   #2
Rock n' Roll Doggie
 
BrownEyedBoy's Avatar
 
Join Date: Jun 2001
Location: San Pedro Sula, Honduras
Posts: 3,510
Local Time: 08:48 PM
Thank God.
__________________

__________________
BrownEyedBoy is offline  
Old 04-07-2005, 03:30 PM   #3
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 06:48 PM
Height or looks may give someone more confidence and that may lead to more pay.
__________________
nbcrusader is offline  
Old 04-07-2005, 03:31 PM   #4
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 30,492
Local Time: 09:48 PM
and all this time i thought i was getting paid so much because i was a genius.

i guess my "Jude Law twin" looks had more to do with it.



(just kidding about the getting paid a lot part)
__________________
Irvine511 is online now  
Old 04-07-2005, 03:31 PM   #5
Rock n' Roll Doggie
Band-aid
 
Macfistowannabe's Avatar
 
Join Date: Dec 2003
Location: Ohio
Posts: 4,129
Local Time: 10:48 PM
I don't doubt it.
__________________
Macfistowannabe is offline  
Old 04-07-2005, 04:23 PM   #6
ONE
love, blood, life
 
melon's Avatar
 
Join Date: Oct 2000
Location: Toronto, Ontario
Posts: 11,781
Local Time: 09:48 PM
People are superficial, even those in charge of hiring. So I think that's the first part. Secondly, I also think confidence has something to do about it, so there's the second part.

Thank God I'm tall, thin, and (what some people think) pretty.

Melon
__________________
melon is offline  
Old 04-07-2005, 04:28 PM   #7
Blue Crack Addict
 
joyfulgirl's Avatar
 
Join Date: Apr 2001
Posts: 16,615
Local Time: 07:48 PM
I'm a terrible interviewee but I always get the job (knock on wood) and I have often said it's because I'm tall, thin, confident and know how to carry myself. Work with whatever you got, people. If it's brains, work it. If it's looks, work it. If it's personality, work it baby!
__________________
joyfulgirl is offline  
Old 04-07-2005, 04:34 PM   #8
War Child
 
Join Date: Aug 2000
Location: Vancouver, British Columbia, Canada
Posts: 760
Local Time: 02:48 AM
Finally, an explanation of how that hottie Bill Gates got so rich.
__________________
Judah is offline  
Old 04-07-2005, 04:40 PM   #9
ONE
love, blood, life
 
melon's Avatar
 
Join Date: Oct 2000
Location: Toronto, Ontario
Posts: 11,781
Local Time: 09:48 PM
Quote:
Originally posted by Judah
Finally, an explanation of how that hottie Bill Gates got so rich.
He's been his own boss from the beginning. Very big difference.

And don't get me to dig out those photos he did in the 1980s.

Melon
__________________
melon is offline  
Old 04-09-2005, 04:23 PM   #10
Rock n' Roll Doggie
Band-aid
 
Macfistowannabe's Avatar
 
Join Date: Dec 2003
Location: Ohio
Posts: 4,129
Local Time: 10:48 PM
At the Bill Gates comment. It would probably be even funnier if you said Donald Trump (which I believe he inherited his big bucks).
__________________

__________________
Macfistowannabe is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 09:48 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com