It Is Time We Face the Truth: The Gender Pay Gap Does Not Exist | Opinion

It Is Time We Face the Truth: The Gender Pay Gap Does Not Exist | Opinion
"...Well, according to outdated, flawed, and incomplete statistics that say women make only 82 cents on the dollar, compared with men, Equal Pay Day signifies how long into the new year women have to work just to catch up to the earnings of their male counterparts from the previous year.
...Statistics matter, and they can help households, businesses, and governments make informed decisions.
But statistics—particularly selective and incomplete ones—can also be misleading, and even detrimental.
The pay gap is the perfect example of statistics gone awry.
For starters, the data cited in the gender pay gap looks only at the median earnings of full-time wage and salaried workers.
It doesn’t differentiate really important factors, such as education, occupation, experience, and hours, which account for nearly all of the differential in earnings between men and women.
It turns out that accounting for all these factors eliminates all but an estimated 3 to 5 cents of the gender pay gap..."
Read on!