Excerpt Of The Day: On Wage Discrimination
“…Many studies have found that women make about 75 cents for every dollar a man earns. Activists say the pay difference is all about sexism.
…But how could this be possible? Suppose you’re an employer doing the hiring. If a woman does equal work for 25 percent less money, businesses would get rich just by hiring women. Why would any employer ever hire a man?
…In other words, men so love their fellow men that they are willing to pay a premium of, say, $10,000 on what would otherwise be a $30,000-a-year job, just for the sheer pleasure of employing a man. Nonsense. It’s market competition that sets wages.
Men do care about money — and that, not wage discrimination, is why men tend to make more of it.
“Women themselves say they’re far more likely to care about flexibility,” says author Warren Farrell. “Men say, I’m far more likely to care about money.” — John Stossel