Vice versa, there's a good video where Milton Friedman explains why it's a bad idea to make a law that forces women to be paid as much as a man - in the hope that it will eliminate a wage gap.
He goes as follows. Say that a woman gets paid 80 for a job, and a man 100. If an employer is sexist and doesn't like women, he will pay a penalty of 20 for hiring men (while a non-sexist employer will simply hire a woman for cheaper). If, on the other hand, a law says that women need to be paid 100 as well, then the sexist employer will face no negative repercussions for being sexist - and will therefore only hire men.
This all goes to show that gov't interference usually has unwanted effects. And with the same reasoning, one can also figure that if women provide work of equal quality, then supply and demand will increase their wages to match that of men.
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Vice versa, there's a good video where Milton Friedman explains why it's a bad idea to make a law that forces women to be paid as much as a man - in the hope that it will eliminate a wage gap.
He goes as follows. Say that a woman gets paid 80 for a job, and a man 100. If an employer is sexist and doesn't like women, he will pay a penalty of 20 for hiring men (while a non-sexist employer will simply hire a woman for cheaper). If, on the other hand, a law says that women need to be paid 100 as well, then the sexist employer will face no negative repercussions for being sexist - and will therefore only hire men.
This all goes to show that gov't interference usually has unwanted effects. And with the same reasoning, one can also figure that if women provide work of equal quality, then supply and demand will increase their wages to match that of men.
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Pretty good ngl
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