Milton Friedman - Case Against Equal Pay for Equal Work

Professor Friedman explains how support for "equal pay for equal work" helps promote sexism. http://www.LibertyPen.com

Source: Milton Friedman Speaks
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  News & Politics

[schwalbstar]

"I´m on your side, but you are not."

Think what u want, he was a brilliant speaker.

[Dylan Dupont]

sounds like that might cause a race to the bottom

[bill snyder]

this guy is the biggest joke i have seen................talks in circles about nothing and acts like he knows everything. Its sad because those who think they know everything can be taught nothing

[FletchforFreedom]

Ah, I see.

D'accord mon frère!

[MrNoobophile]

There shouldn't be, I'm just saying that this is what feminists expect. They want equal wages regardless of the quality of work AND they want a guarantee that they will still be hired

[FletchforFreedom]

Actually, Friedman's position is the only one completely consistent with human behavior. Businesses are run to generate a return (even non-profits). The people hired by a business are expected to generate a return. It makes no difference how charitable the business owner may be, in his role as an employer, he expects that return to be realized.

[FletchforFreedom]

Actually human beings invariably act in what they perceive to be their own interests (Greenspan's hilariously self-serving comments notwithstanding) albeit they may be incorrect.

That slavery is economically unfeasible is true but as it is beneficial to the individual slaver, those pushing for its continued maintenance by the state were absolutely acting in their own self-interests.

[FletchforFreedom]

Why do you think there need to be laws forcing employers to hire anyone?

[Dave Deretchin]

Absolutely. When it comes to dangerous, difficult, complicated, or physically demanding work women often are treated with deference.

[MrNoobophile]

What Milton forgot is that equal wages need to go hand in hand with forcing people to hire women anyway.

[William Vasquez]

then both of you guys misunderstood what he was talking about... when he was talking to the girl, he was basically saying, listen sexist things are in their favor. A businessman will hire her because she is cheaper in labor. But if she gets equal pay and equal jobs... they will be more inclined to hire a man instead because they are sexist. So technically what he is saying the law will hurt women. See once the woman has the job.. she can really prove herself to be worthy and gain favor.

[William Vasquez]

really? it existed in America for 300 years? when America has only been standing for how long? 237 years is nearly 300? when did slavery end? ahh yeah... 1833 so that means slavery didnt even last 100 years in our country... so you sure it lasted nearly 300 years?