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July 10, 2020 | Closing the Wage Gap Offers Powerful Financial Stimulus
Danielle Park
Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com
Women have lost their jobs at a steeper rate than men during the COVID-19 pandemic, which could reduce global gross domestic product (GDP) by up to $1 trillion, according to research. Here’s what companies could do to close the gender pay and equity gap. Here is a direct video link.
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Danielle Park July 10th, 2020
Posted In: Juggling Dynamite
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No matter what the crisis, women Et Al are affected more severely. The wage gap is a self-serving fembot urban legend. When you control for age/years of experience/NUMBER OF HOURS WORKED/same occupation/other relevant factors, then then wage gap vanishes.
(example) When Google did a Wage Audit of their own employees, they discovered Men were the under paid gender.
Fear of running afoul of the myriad of the in your face governmental regulations, ensures that Google is far from the only employer discriminating against “some” men. Happy Ending- Google fixed the pay gap. I assume fixing the pay gap was done out of purely self interest, in wanting to attract talented employees to join Google. Capitalism has an OODA feedback loop, that rewards companies, after they make correct decisions.