Disproving the Gender Pay Gap with a Single Article (3)
"The difference in wages is the natural consequence of choices that men and women freely make."
In anticipation of 2025’s “equal pay day”, the Cato Institute published an article, The ‘Gender Pay Gap’ Is a Myth That Won’t Go Away:
Highlights of the article include:
Originally, the equal pay date was calculated as the additional days that women would need to work to earn the same amount as men earned in the previous year. As the earnings gap grew smaller, the day kept moving earlier , so finally, instead of shifting the day to it’s actual calculated date, it was dishonestly switched to an arbitrary day in March.
Each year the Census Bureau fails to report the data that it and the Bureau of Labor Statistics collect that explain why the pay gap exists.
“The claim that the gap reflects discrimination assumes that employers would pass up the chance to hire a woman at 84% of what they pay a man with the same training, skills and experience to do the same job. Since labor costs make up a significant share of total business costs, not only would employers have a strong incentive to hire women but discriminators would have a hard time staying in business. Market forces penalize discrimination and reward inclusion.”
The following comic, not included in the article, pretty much summarizes the myth of a gender pay gap.
Class dismissed.