Monthly Archives: July 2016

That wage gap

If women earn 79 cents in wages for every one male dollar, then why aren’t employers hiring women in droves? Recall that capitalist profit-maximising phenomenon, yes? Minimizing AVC! Hiring labour where it is cheapest!

The labour market as illustrated in the classic D/S graph, would merge the two purportedly separate labour-pools to home in on the clearing price of labour as one single supply factor.

So, to believe in the wage gap, you have to entertain the concept of the nasty patriarchy at work, suppressing female wages at the same time as that the (same, patriarchal?) capitalists employers happen to be too inept to properly make use of the labour-market system of economic operation that benefit them anywhere else.