House Speaker Nancy Pelosi, New York Rep. Alexandria Ocasio-Cortez, and a handful of other House Democrats recently drafted a bill that is designed to solve a problem that does not exist.
The bill, called the Paycheck Fairness Act, is supposed to help eliminate the so-called “gender pay gap” in the United States. The only problem is that almost every serious economist in the world will tell you that there is no such thing as a true gender pay gap in the US. While it is true that, on the whole, men earn more than women, the reason for this discrepancy has nothing to do with discrimination and everything to do with personal choice.
For example, women work fewer overtime hours, tend to avoid dangerous but high-paying jobs, are less attracted to STEM fields than men, and more. Again, this is not true for every woman, but it is true on the whole and significant enough to completely explain why women, on average, earn less than men. When you take away these factors by narrowing your focus and looking at men and women who both work the same job and both put in the same hours, any evidence for a gender pay gap disappears.
Politicians like Pelosi and Ocasio-Cortez, though, aren’t ones to let facts and logic get in the way of their agenda. To learn more about their new bill to “end the gender pay gap”, be sure to check out the video below.
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