4.8 • 710 Ratings
🗓️ 13 February 2023
⏱️ 100 minutes
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0:00.0 | Among similarly qualified faculty, women who never married earn higher incomes than men who never married. |
0:06.5 | What does that mean? There were other complex factors at play. First of all, what is the preferences? |
0:11.5 | Like men and women aren't choosing, let's say, science, technology, engineering, medicine with equal frequency. |
0:16.7 | Whether you like it or not. And that's true, even the most egalitarian societies, even in Scandinavia, |
0:20.9 | the dimorphism or the difference between the choices goes up. That's point number one. |
0:25.1 | And point number two, because they have different life experiences, and we should not be ashamed. |
0:28.9 | We should be proud that women bear children. They may spend less time in the workforce, |
0:33.1 | have less time to build up their skills. This is a great thing. This is a specialization in the |
0:37.8 | division of labor. But again, a very naive statistic is like, wait a minute, why are the men being |
0:42.8 | paid more than the women? Well, it turns out it has nothing to do with gender. And if you take |
0:47.0 | marriage and children out of the equation, women get paid more than men. Right. I mean, this is |
0:51.5 | awesome. This is so cool. And it means, you know, the sad thing and why |
0:55.9 | Marxists don't like these conclusions is that it means we don't live in a dastardly evil society |
1:01.2 | dominated by by evil people who are wringing the system. And the problem, the reason people |
1:07.1 | fear that conclusion is it means that they're responsible for themselves. And they actually can. |
1:11.2 | There are a lot of people who are most intimidated by the idea that they can control their own destiny to some extent. |
1:24.3 | Hey, everybody. |
1:25.4 | Welcome to The What is Money Show. |
1:27.2 | I am thrilled to have you here joining me on my mission to help shine light on the collection of money. |
1:33.4 | Now, if this is your first time listening to The What Is Money Show, I strongly recommend that you go back to episodes one through nine first, which lays a lot of the groundwork for many of the concepts that we explore on the show. |
1:45.8 | These first nine episodes are my series with Michael Saylor, and thousands of people have told me that this is the best podcast series they've ever heard, hands down, and that it was instrumental to their understanding of money and Bitcoin. |
1:59.8 | So if you're looking to start a deep dive into the |
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