"At the Democratic Convention, Senators Elizabeth Warren and Cory Booker lamented that American women do not earn “equal pay for equal work.” A Hillary Clinton administration, they promised, would right this wrong.
The latest U.S. Department of Labor data show that women working full-time make 81 percent of full-time men’s wages. But this figure is both inaccurate and misleading.
This statistic looks only at raw averages and does not take into account factors such as education, skills, and hours worked.
Control for the Obvious
Among young, single, childless workers, women make more.After controlling for other factors, the gender pay gap practically disappears.
Indeed, among single, childless workers under 30, women earn more than men.
Legislation to close the gender “wage gap” is misguided: in reality, there is no gap to close.
Indeed, among single, childless workers under 30, women earn more than men.
Legislation to close the gender “wage gap” is misguided: in reality, there is no gap to close.
Likewise, the BLS statistic is misleading because it averages earnings for all full-time women — no matter their education, profession, experience, or hours worked — and earnings for all full-time men.
As such, it is not an apples-to-apples comparison..."
Read on!
As such, it is not an apples-to-apples comparison..."
Read on!
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