Back in 2010, I cited the superb work of Christina Hoff Summers as she explained that we should let markets determine wages rather than giving that power to a bunch of bean-counting bureaucrats.
She wrote that article because leftists at the time were pushing a so-called Paycheck Fairness Act that would have given the government powers to second guess compensation levels produced by the private marketplace.
For all intents and purposes, proponents were arguing that employers were deliberately and systematically sacrificing profits by paying men more than they were worth (which is the unavoidable flip side of arguing that women were paid less than they were worth).
Well, bad ideas never die and the Senate recently took up this statist proposal.
That’s the bad news. The good news is that it didn’t get enough votes to overcome a procedural objection.
Writing for U.S. News & World Report, Christina Hoff Summers…
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