Leifer
Senior Member.
(women are) “paid 77 cents on the dollar for doing the same work as men."
(above) http://www.factcheck.org/2012/06/obamas-77-cent-exaggeration/That’s not true. The ad falsely states that the pay gap is for doing “the same work.” It also implies that discrimination by employers is responsible for the difference. That’s an exaggeration..
(above) http://www.kabc.com/article.asp?id=2435110&spid=41533True, women earn 77 cents on the dollar compared to men, but certainly not for doing the same work. Common sense says this defies logic. Otherwise, wouldn't any sensible businessman -- or businesswoman -- hire only women to do the same work for less -- and pocket the difference in their salaries?
Larry Elders points out the dilemma with that quote. If women are actually being paid about 30% less than men for the same work, then why don't smart businesses hire more women ? ....to save ~30% on labor costs ? Same work, for less pay. If the quote was true, it would make good business sense to hire more women.
The confusion in the stat comes from the difference between the word(s) "earn" and "paid".