What's preventing pay equity? (with Julie Nelson and Claire Cain Miller)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 26 March 2019

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2009, President Obama signed the Lily Ledbetter Fair Pay Act into law, thereby ensuring that women across the United States were finally paid the same as men. Just kidding! Women still only make 80% of what their male counterparts do. What is this bullshit? Why hasn’t pay equity been achieved yet? Economist Julie Nelson and journalist Claire Cain Miller join Nick and Steph to explain why this problem is so damn persistent, and to offer solutions for how we can fully include women in the economy. Julie Nelson is a professor of economics and department chair at the University of Massachusetts Boston, most known for her application of feminist theory to economics. She is the author of ‘Economics for Humans’ and ‘Feminism, Objectivity, and Economics’. Twitter: @julie_nelson Claire Cain Miller is a correspondent for The New York Times, where she writes about gender, families, and the future of work for The Upshot, a Times site for analysis of policy and economics. She was part of a team that won a Pulitzer Prize in 2018 for public service for reporting on workplace sexual harassment issues. Twitter: @clairecm Further reading http://evonomics.com/yes-economics-problem-women/ http://evonomics.com/pretending-hard-science-ethics-free-julie-nelson/ https://www.nytimes.com/2017/05/13/upshot/the-gender-pay-gap-is-largely-because-of-motherhood.html https://hbr.org/2018/01/when-more-women-join-the-workforce-wages-rise-including-for-men

Transcript

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0:00.0	A huge proportion of the remaining pay gap is basically because of babies.
0:08.0	If they make the World Cup roster, female players receive 44% of what their male counterparts earn.
0:15.0	It's not just that we should do it for moral reasons.
0:17.9	It just seems to me obvious that they're overwhelming practical reasons to address these problems.
0:23.9	Documents reportedly showing Oscar winner Jennifer Lawrence and co-star Amy Adams
0:29.3	reportedly earning less than their male co-stars on American Hustle, and a female executive at
0:34.8	Sony making significantly less than her male counterpart.
0:38.5	No power pose will make equality for women in economics possible.
0:44.0	From the offices of Civic Ventures in downtown Seattle,
0:52.0	this is Pitch Fork Economics with Nick Hanauer.
0:56.4	In honest conversation about how to make capitalism work for everyone.
1:11.0	I'm Stephanie Ervin. I run a lot of our advocacy and campaign work here at Civic Ventures. I'm Nick Hanauer, founder of Civic Ventures.
1:16.6	You want to hear some crazy stats?
1:18.3	Yes, tell me some crazy stats.
1:20.6	And some occupations, women collectively are receiving billions less than they would with equal pay.
1:25.7	So for instance, women working as physicians and surgeons are paid 19 billion less annually
1:31.6	than if they were paid the same as men in that occupation.
1:35.6	What the fuck?
1:36.6	19 billion.
1:38.6	Yeah, well, what's $19 billion between friends after all.
1:44.0	So there was a McKinsey report done not too long ago that looked at sort of the gender pay
1:50.9	gap and reported that more equal pay in the workforce would increase
	...

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