Monday, December 17, 2012

Obama's Economic War on Women - Gregory Cummings - Mises Daily

Obama's Economic War on Women - Gregory Cummings - Mises Daily: "if women receive equal direct wages and increased indirect benefits (such as maternity-leave supplements, for example) it will also be more cost effective to hire men instead of women. The net effect is increased female unemployment."

"In the presence of equal-pay-for-equal-work legislation, the employer in our example would be wise to hire another male employee."

"while equal-pay-for-equal-work legislation is proposed in the United States in order to protect women workers, it has been used in South Africa as a means of protecting white unionists from the competition of lower-paid black workers. It cannot simultaneously achieve both goals."

"The mythical "sexist pig" employer would soon go the way of the dodo, courtesy of market forces. If he were stupid enough to hire a male when he could have employed an equally productive female for less money (because of the pay "gap"), his gender-blind competitors would hire her, and price him out of the business."

No comments: