Wage gap myth: Equal pay for equal work in the gender equality debate - TomoNews
- 9 years ago
Throwing around the "77 cents" stat to suggest women are discriminated against in the workforce simply doesn't hold water. And it's not the same as equal pay for equal work.
If a business owner could hire a woman at 77% of the cost of a man, you'd have stockholders insisting companies do just that to earn an extra 23% profit.
The 77% statistic, while technically true, was derived by comparing the average wages of males to females working full time work. However, it doesn't factor in the differences in career paths typically chosen by each gender.
Women make up the majority of sociology majors whereas higher paying fields of study, such as economics, consist of mostly men. Economics graduates then go on to earn nearly double the salary of sociology majors.
Time worked is another factor. Full-time men are twice as likely to work more than 40 hours per week than full-time women.
Dangerous jobs tend to pay more to compensate for the risk. And in 2012, 92% of work related deaths were men.
Everyone supports equal pay for equal work. And when you look at the big picture, that's exactly what the job market offers.
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If a business owner could hire a woman at 77% of the cost of a man, you'd have stockholders insisting companies do just that to earn an extra 23% profit.
The 77% statistic, while technically true, was derived by comparing the average wages of males to females working full time work. However, it doesn't factor in the differences in career paths typically chosen by each gender.
Women make up the majority of sociology majors whereas higher paying fields of study, such as economics, consist of mostly men. Economics graduates then go on to earn nearly double the salary of sociology majors.
Time worked is another factor. Full-time men are twice as likely to work more than 40 hours per week than full-time women.
Dangerous jobs tend to pay more to compensate for the risk. And in 2012, 92% of work related deaths were men.
Everyone supports equal pay for equal work. And when you look at the big picture, that's exactly what the job market offers.
-------------------------------------------------------------
Daily videos brought to you by THE Taiwanese Animators behind the infamous Tiger Woods animation. We got the funniest animations on the web to help you stay in-the-know on all the trending stories, so sit back, relax, and watch a few.
Can't get enough of Taiwanese animations? Connect with us here:
Facebook http://www.facebook.com/NMAtv
Twitter @nmatv http://www.twitter.com/nmatv
Google+ http://gplus.to/NMAtv