Market Forces Prevent Widespread Discrimination
Myth: Women Earn Less than Men in America
Fact: It is true that women, on average, earn less per year than men do. It is also true that 22-year-olds earn less, on average, than 40-year-olds. Why is the latter not an example of age discrimination, while the former is seized upon as an example of gender discrimination? Because men are too afraid to challenge the false statement.
If women truly did earn 20% less for doing exactly the same job as a man, any non-sexist CEO could thrash his competition by hiring only women, thus saving 20% on employee salaries relative to his competitors. Are we to believe that every major CEO and Board of Directors is so sexist as to forego billions of dollars of profit? Women entrepreneurs could hire other women and out-compete any male-dominated business, but we don't see this happening. Individual cases of discrimination may exist, but it cannot possibly be a universal norm in a profit-driven economy. Market forces would correct such mispricings, if they actually existed.