In many occupations, including speech pathology and financial analysis, women earn far more than men. When it comes to college degrees, women outpace men by a fair shot. According to the Wall Street Journal, “single, childless women between ages 22 and 30 were earning more than their male counterparts in most U.S. cities, with incomes that were 8 percent on average.”
And as for CEOs, the CEOs of Yahoo, Xerox, WellPoint, Sunoco, DuPont, Avon, Pepsi, and Kraft Food — all Fortune 500 companies — are all women.
So where’s the discrimination?
Even if discrimination does exist, as it probably does in some cases, the answer isn’t legislation – we’ve tried that. The answer isn’t affirmative action hires, which run the risk of placing under-qualified people in positions -to fail. The answer is the free market.
If I could hire a fully qualified woman to do the same work as a man for 93 cents on the dollar, why wouldn’t I do that? And wouldn’t I make more money than the guy hiring the man based on discrimination? He’d go out of business. Meanwhile, my smart competitors would catch onto what I was doing, and they’d hire away my qualified female employee for full pay, leaving me bereft. This is how economic discrimination disappears – not with public hue and cry, but with individuals making self-interested decisions.
Is there a glass ceiling anymore? No. And the more the media plays up false glass ceilings, the more they’ll perpetuate the myth that men are the bad guys and women are the victims, rather than the fact of the matter: that both are economic actors, and that their decisions impact their income.
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