Those who have read and understood economics know that people get paid according to their value creating abilities on the free market. This means that working people ask for pay raises or change jobs until they have obtained their free market "price" so to speak.
It follows that women or men who work fewer hours than others in order to stay more at home with their children get a lower salary than others. Their careers are quite simply shorter in number of hours used to build up value creating abilities and experience. This can be backed up by data, but really it should just be self-evident.
This baffles many. People say in a state of shock that everyone should get equal pay for "equal work", usually referring to the so-called wage gap between women who have children and others, such as non-married, childless men and women.
A good understanding of economics can clear ones mind when following the public debate on different topics. It will for example teach you that nobody wants to pay you for taking more time off than others.
Thursday, June 09, 2016
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