When Will a Woman Be the Richest Person in the World?
2nd August 2011
When the richest man in the world either divorces her or dies with her as his sole heir.
This is such a silly article it’s difficult to know where to start. Well, let’s look at the first sentence:
Women may be doing better than men in the broader economy, but they’re still under-represented at the very top.
Anybody who thinks that wealth is somehow a ‘representative’ thing has greater intellectual issues than this one. But it’s a common delusion these days: Anytime a given group of people don’t have the precise mix of sexes and ethnic groups as the population as a whole (and such comparisons invariably look for the largest general population they can get away with), the cry of ‘under-representation’ goes up, as if it had any relevance whatsoever. The only reason that nobody is complaining that men are under-represented among those becoming pregnant is that they can’t figure out how to word it so that it doesn’t sound stupid on its face, although I’m sure that there are some who are willing to give it a shot nevertheless.
August 2nd, 2011 at 12:43
The “equal pay for equal work” paradigm is deceptively attractive on its face, but fundamentally flawed by not understanding how The Invisible Hand works.
If women were, in fact, capable of doing equal work for less pay, then some enterprising entrepreneur would have realized this and begun stocking his personnel with women as opposed to men, be he ever so misogynistic. This would in turn give him (or her) an advantage in the market which his competitors would quickly adopt once they saw how effective it was.
End result: higher demand for women, lower demand for men. The ol’ supply/demand curves set the price point, and within a short time pay for men and women equalizes.
This has demonstrably not happened, ergo: Women COULD command the same pay as men IF they did the same work, or rather supplied the same value in terms of productivity. Since they do not command the same pay as men, they do not provide the same productivity.
Anti-women bias cannot explain the discrepency, since I’m sure that somewhere in the world some maverick would have tried the above scenario at least once.
All else is dross.
August 2nd, 2011 at 14:22
Feminism – substituting emotional blackmail for facts since the 1960’s …
August 2nd, 2011 at 16:11
We only go along with it because we’re afraid if we didn’t we’d never get laid again.