Way back in April, Capitalism Magazine had two great articles for those of us not particularly well-versed in economics. I held on to the links, and decided they were important enough to post even two months later. Informative, clear, and well-written, these are must reads:
Why Are CEOs Paid So Much?
The Future of Work
Thomas Sowell on The Grand Fallacy: Equating Male-Female Differences in Salary with Discrimination:
People without the slightest knowledge of economics or the slightest experience running a business will boldly assert that women are paid only 75 percent -- or some other percent -- of what men make for doing exactly the same work.Think about it. If an employer could hire four women for the price of hiring three men, why would he ever hire men at all?
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