Wednesday, July 16, 2008

Why Women Make Less- Conclusion

As I continue the fallacy of income differences between males and females I want to reiterate the purpose of these recent blog entries. My goal is to explain that while humans are not perfect and discrimination is apparent in some cases, most of what politicians, mainstream media types, and those of the intelligentsia world call "discrimination" is not discrimination at all. It is easy for a third party(media, politician, college professor, etc..) to denounce American businesses of showing discrimination to women and minorities. But when the economics which is based on cost benefit analysis and not based on the ideology of a third party, different conclusions can be made.

When people get married, money becomes a bigger priority. One must buy clothing, shelter, food, and other necessities for a family not just themselves. Due to this, married men work more than single men. Thus marriage has had an effect on the income gap between men and women. After marriage, men make more than they did when they were single, and more than other still single men do because of the higher number of hours worked and more full-time employment. Furthermore, when getting married, women make less as they spend less time working a professional job and more time caring for the home. Women who have never been married have higher incomes than women who have, and women with no children have higher incomes than women with children according to economist Thomas Sowell.

Lets conclude this study by looking at male versus female statistics while taking into consideration the characteristics such as education, domestic responsibilities, job choice, job experience, and skill differences of the two people. A study in Britain found that women as a group earn 17 percent less per hour than men when both work full-time. However the same study found that women made different choices throughout life. Young women incomes were 91% of British men, but British mothers were just 67% of men who were fathers. The University of Michigan Law School found that the gap between men and women pay is relatively small at the start of their careers. But 15 years later, women only earned 60% of what men made. Another study found that the gender pay gap is 5 percent for part time workers 21-35, and under 3 percent for full time workers of the same age without children. There is NO GAP between those ages of people male or female who live alone. In 1969, academic women who had never been married, earned MORE than academic men who had never been married. Married women earned a little less, while married women with children earned even further less. In 1971 women working continuously since high school were earning slightly more than men under the same description. This was before affirmative action by the way.

Some statistics can be misleading. In 1990 young male physicians earned 41 percent more than young female physicians. However after adjusting for specialty, practice setting, and other characteristics, no earning difference was evident. More men went into higher specialty physician practices. In fact the study found that young male physicians also worked over 500 hours more than female physicians per year. In 1999 women's hourly earnings were 83.8 percent of women in the same year. But comparing women and men who were comparable in occupation, industry, and other variables, the per-hour difference is only 6.2 percent. Industrial and Labor Relations Review found that only 2.4 percent of top-level management positions were filled by women. The pay was 45% less than men as well. The reason for the compensation gap was that women were more likely to be executives in smaller corporations where pay was less. Women have less experience and therefore usually were managers in smaller corporations. Taking these differences and other male-female comparisons, the study only found a 5% gap between male and female pay when all observable differences are taken in account.

Statistics you get from third parties that have an agenda do not like to take all these concerns into consideration. Employers of corporations have to take those differences into account. Economics usually paints a different picture for us than does ideology of an agenda driven person. I hope in the future when you hear how Americans discriminate against foreigners, minorities, and women, there might be a reason. And if you have a problem with those differences you have to take that up with God who decided that women should be the ones that give birth not men.

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