The (So-Called) “Fair Pay Act”
11th June 2012
I sincerely wish that the word “fair” could be deleted from all political conversations. No one this side of sociopathy openly campaigns for unfairness. The question for all fair-minded (!) people is “what is fair?” Just because, in your view, reality situation Y is unfair does not prove that Y is indeed unfair. An equally magnanimous, well-meaning, and fair-minded (!) person might well assess Y to be fair.
June 11th, 2012 at 06:54
This is one area where I feel the market works just fine. If women were as valuable as men in the workplace, their wages would have already reached parity through the laws of supply and demand.
What is really happening is that the entry of women into the labor force in large numbers has only managed to depress wages for everyone; an oversupply of workers relative to the amount of work to be done means each worker gets paid less.
But such is life. The law of unintended consequences can’t be repealed.