What Income Gap?
Wednesday, April 23rd, 2008 By Marc KilmerThe Newark Advocate has a story about an “awareness raising” event at a few universities in Ohio centered around this misleading notion: “According to Business and Professional Women/USA, in 2006 the average median annual earnings of women were only 77 percent of men’s salaries. The 23 cents in the purse illustrates the disparity between genders.”
Dr. Thomas Sowell does a good job of demolishing this nonsense in a short video:
Here Dr. Sowell discusses these issues in print and makes an excellent point:
People without the slightest knowledge of economics or the slightest experience running a business will boldly assert that women are paid only 75 percent — or some other percent — of what men make for doing exactly the same work.
Think about it. If an employer could hire four women for the price of hiring three men, why would he ever hire men at all?
Even if the employer was the world’s biggest sexist, he could still not survive in business if his competitors were getting one-third more output from their employees for the same money.
