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NYT explaining wages are set by biases not markets


               
2016 Mar 18, 12:12pm   932 views  3 comments

by Heraclitusstudent   follow (8)  

http://www.nytimes.com/2016/03/20/upshot/as-women-take-over-a-male-dominated-field-the-pay-drops.html?ref=business

"In fact, another study shows, when women enter fields in greater numbers, pay declines — for the very same jobs that more men were doing before."

"Once women start doing a job, “It just doesn't look like it's as important to the bottom line or requires as much skill,” said Paula England, a sociology professor at New York University. “Gender bias sneaks into those decisions.”"

Get it? It's not because of the availability of workers and the necessity to do the job is irrelevant.
There is no market. Managers pay as little as they choose to, based on their personal biases.

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1   Heraclitusstudent   2016 Mar 18, 12:18pm  

Consider the discrepancies in jobs requiring similar education and responsibility, or similar skills, but divided by gender. The median earnings of information technology managers (mostly men) are 27 percent higher than human resources managers (mostly women), according to Bureau of Labor Statistics data.

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Oh yes because we all know human resources managers, who sit in their asses, answer the phone and make lame decisions about "personality" and "who deserves a promotion", should not have a lower salary than "IT managers", which requires hard skills, working under pressure, and with measurable goals.
What an example!

2   Dan8267   2016 Mar 18, 4:10pm  

Women, for example, are now better educated than men

Hardly, and stating this demonstrates invalid reasoning. More women are graduating with college degrees than men are. This is true. But one STEM degree is worth a million liberal arts degrees. When women start graduating from STEM in greater numbers than men, I'll gladly state that women are more educated. I do not buy the bullshit that a degree and an education are the same thing, which is exactly what the author is assuming.

3   Dan8267   2016 Mar 18, 4:14pm  

The author does not even address the root of all income problems, that owners decide the distribution of wealth that they do not themselves create. Such a stupid system will always have corruption because it is based on the perverted incentives of owners to value themselves and their well-being over everyone else. Such a system will never distribute wealth in proportion to the productivity of the people in the system. Capitalism inherently cannot provide for just distribution of wealth including "fair wages".

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