For more context on this clip and to learn more about Austrian Economics, watch the full episode:https://youtu.be/_OtZ49i-yyk
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"...if it really were true that in the United States women only get paid whatever the number is, 88 cents, for the same work. It’s a mystery. How come all the firms that are run by greedy capitalists aren’t hiring just women because they bring in the same output?" @BobMurphyEconpic.twitter.com/ncYXWoaQBH
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AMEN.
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This single 2 minute clip completely dismantles most arguments regarding the wage gap
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Bob Murphy is an awesome guest. Loved his book Choice.
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Milton Freedman tried the same theory on the African American community. It proved to be false. Prejudice trumps greed.
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Can i see proofs?
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The old (silent) counter-argument, which of course was never acceptable: There are additional costs associated with rehiring/training, due one gender being more likely to take longer parental leave and being more withdrawal from employment after having kids.
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