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Cato Podcast

In the Name of Fairness, A Push for Big New Labor Market Regulation

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 16 April 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

The rigidity that Democrats want in labor markets doesn't serve women well, and Republicans are far from innocent in pushing for new mandates. Rachel Greszler of the Heritage Foundation comments.

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Transcript

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0:00.0

This is the Kator Daily Podcast for Friday, April 16, 2021.

0:07.0

I'm Caleb Brown.

0:08.0

The gender pay gap, for better or worse, is largely ephemeral, and the unintended consequences of

0:13.6

ameliorating that problem somehow comes as a shock to people pushing those

0:17.5

plans. Now Republicans seem increasingly willing to push mandates for paid

0:22.4

family leave with some problematic

0:24.4

sources of funds. Rachel Gressler, the Heritage Foundation, studies labor

0:28.6

policies. We spoke about the push for one-size-fits-all labor markets and why that doesn't often work for women.

0:35.5

In general, how do you evaluate Democrats concerns about the differences between men and

0:41.9

women when it comes to compensation at work and specifically

0:46.4

what do you think is the best argument that they have to present?

0:50.3

Well Democrats will present just this raw wage gap looking at overall how much do men in the US versus women in the US make and it looks like there's a pretty big gap and that there's no reason for that gap. You know the Bureau of Labor

1:04.1

Statistics data shows that women make 18% less than men, but that figure is

1:10.1

really misleading because you're comparing apples to oranges.

1:14.0

And when we know that when employers are making decisions about what they pay their workers,

1:17.8

they're looking at things like what's that individual's experience,

1:21.0

how much education do they have, how many hours are they working, what's the field

1:25.3

that they're working in, and none of those factors are taken into account when you look at that

1:30.0

raw wage gap. And so it may actually be that there's nothing that needs to be

1:34.8

closed if the gap that's there is reflecting the choices that men and women make

1:39.0

instead of you know the allegations that there could be discrimination at play.

1:43.7

In terms of the best argument, maybe there isn't a good argument, but is there one that's better

...

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