Wage Gap - Let's Debunk the Myth
Photo by Karolina Grabowska from Pexels Why don't companies employ only women if women earn only 77 cents for every dollar a man earns for equal work? Wages are the most expensive part of most companies' budgets. Hiring just women, on the other hand, would reduce costs by almost one-quarter – savings that would head straight to the bottom line. Isn't it true that companies strive to be profitable? Or are they simply poor at math? Photo by Tima Miroshnichenko from Pexels Really, the math challenge is with the feminists, actresses, and lawmakers who perpetuate the income disparity fallacy. This is why: The figure of 77 cents on the dollar is determined by calculating the median earnings of all women working full-time by the median earnings of all men working full-time. In other words, if the average annual income of all men is, say, 40,000 dollars, and the average annual income of all women is, say, 30,800 dollars, ladies earn 77 cents for every dollar ...