Today is Equal Pay Day, the symbolic day dedicated to raising awareness of the “gender pay gap.”
On this day, the statistic that women make 77 cents for every dollar a man earns is repeated all over the media and throughout government. It is often taken at face value that this statistical disparity alone is entirely the result of discrimination against women.
“Why is it that I make much less than a man for the same amount of work?,” many women have openly inquired on social media and elsewhere.
But the famous 77 cents statistic only looks at the median wage for women relative to the median wage for men. It ignores many other variables, such as occupation, education, experience, etc. It therefor does not tell us anything about whether comparable men and women are being compensated equally.
Going for a more “apples to apples” comparison, a number of studies have examined…
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