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by HarryHirsch 485 days ago
By outside forces, of course. Women entered the legal profession in the 1920's, but wages did not catch up until the Equal Pay Act was enacted under the Kennedy administration. There were plenty of labour market arbitrageurs profiting from the game, but the Civil Rights movement proved stronger.
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Unfortunately, all of the labor market arbitrageurs went away, and now we're stuck in this weird economy where women get paid 83ยข on the dollar for identical work performance, in an economy that is deeply entrenched in boundless corporate greed, and yet no major companies appear to have effectively capitalized on the free, automatic, statistically-guaranteed 17% ROI that's just sitting on the table by replacing men with women. I guess our laws against unlawful gender discrimination in hiring must be so strict that no large companies have ever been able to do it at scale without getting caught and fined, no? How else do you explain for-profit companies turning away free money?