In. Equality

Hot on the heels of April Fools’ Day, apparently today is “Equal Pay Day”. It is not to be confused with “Equality Day”, which is in August. How many more of these feel-good political-BS Hallmark™-Holidays do we need? But I digress…

According to USA today, “Women make up roughly half the workforce. But in 2015, female full-time, year-round workers made only 80 cents for every dollar earned by men, a gender wage gap of 20%… Tuesday is Equal Pay Day, a symbolic day for advocates in the U.S. to show support for women in the workforce and draw attention to the gender pay gap.”

Close but no cigar

It is my contention that we don’t have a gender pay gap, we have a gender work gap. While it is true that the *average* man earns more than the *average* woman, this is a misleading fact: Think about it: the average schoolteacher/nurse/clerical government worker (mostly women) earns less than the average roofer/plumber/truck driver/oil rig worker (mostly men)… which is why the pay gap is bogus. Women choose jobs and careers that are less stressful, more convenient and provide better benefits. Men do most of the dirty/difficult/dangerous jobs, which, naturally pay more. And what thanks do they get? “Waaaah!

Even within the same professions, men and women make different choices, in the medical profession, most dermatologists (9-5, low risk, predictable workload, no emergencies) are female, while most ER Trauma surgeons (blood, guts, bullets and screams at 3AM) are male. Women tend to gravitate toward comfortable, air-conditioned, predictable office jobs. They do not generally want to work in hazardous environments, out in the elements or at night. Men to be drawn to high-paying jobs, often in unsanitary or triple-D (Dirty/Difficult/Dangerous).

Do not misunderstand me here: If a man and a woman do the same job with equal effort and competence, they should receive the same rewards. But there is a saying in the financial markets: “It’s all in the price“. What this means is that the price of a stock reflects all that is know about the performance of the underlying company, its values and its reputation.

Let’s take a look at the sporting world: Among professional tennis players, the men move faster, hit harder and have more stamina than the women. A men’s match is best of five sets, a women’s match is best of three. Men attract bigger crowds and bigger sponsorship deals. And yet there are some who think that women tennis players should be paid the same as men. But competitive sports are a meritocracy – the fact that the women players may “work harder” than men is irrelevant; it’s all in the price. It’s not all one-sided though; as an extreme example females in the porn industry get paid five times more than their male counterparts.

Once you control for the same job, the “pay gap” drops to less than 5%, and in some cities (Atlanta and Chicago, among others) women actually out-earn their male counterparts. Is there a pay gap? Perhaps, but it is not as bad as people like to think that it is, and government intervention won’t fix it, in the same way that they couldn’t fix poverty or drugs. But even when two people do the same job, there are differences: For one thing, women are less likely to ask for a raise; sorry girls, but if you don’t ask, you don’t get.

For another thing, men tend to work longer hours than women. According to the Bureau of Labor Statistics in 2014

“…even among full-time workers (those usually working 35 hours or more per week), men worked longer than women—8.4 hours compared with 7.8 hours.”.

That’s three hours a week, or 7.5% more hours. So if the men are working 7.5% more hours and getting paid 5% more, who is really getting the sharp end of the stick here? This can be seen in most office buildings: take a walk around the floor at 6PM. How many men are working late? How many women?

Even Forbes magazine admits what most of us already know: Men work longer hours than women. Of course, those who insist that women do the same work as men for 20% less forget about one crucial point: If profit-driven, greedy corporations know that women are cheaper and just as good, why don’t they replace their men with cheaper women? That’s a question that the pay-gap-advocates cannot answer and continually avoid. Indeed, one female CEO has gone on record to say that she will not hire women. Why? Short answer: Men get things done, women create drama. If a man had the temerity to say such a thing in public, he would be ostracized, disgraced and probably jailed. Equality. Yeah, right.

It seems that women have plenty of advantages as it is; there are almost twice as many female students in the US as male (great for guys who like chasing girls, lousy for girls looking for a M.R.S. to go with her B.A.). Women get more grants, loans and government help than men, who are beginning to look more and more disadvantaged. But the majority of less-useful degrees are pursued my women.

Why are so many women taking Psychology  and Sociology, and so few are studying Philosophy and Physics? This is reason why there is a dearth of women taking STEM subjects; for precisely the same reason that only 2% of Chess Grand Masters are female; not because of some vast conspiracy to keep them out of the winner’s circle, but simply because they don’t want to.

And let us not forget that married men make more money than single men – for precisely the same reason; they will work longer, less convenient hours, and put in extra time and effort. Yet you never hear single men complain that they are “victims” need government-level “help” and “encouragement” in order to achieve “equality”; they’re probably too busy drinking beer, watching games, chasing girls and enjoying life – and good luck to them.

Bottom line: Life isn’t fair. But it is not as systematically unfair as you would like to wish it were. So make your choices, and live with them. It’s all in the price.

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