"The crisis in America today isn’t about women’s wages; it’s about men’s wages. Men are still the chief breadwinners in most families, and their wages are not moving much at all. If we look at Census Bureau data, we find that while men’s wages have risen by about 6 percent in real terms since 1980, women’s wages have risen by about 60 percent. Any gap in pay — real or imagined — is rapidly shrinking. Furthermore, the latest surveys of college graduates find virtually no pay discrepancy between men and women, so for this generation the 77-cents mantra is as outdated as bell-bottom jeans. What are the implications of a society in which women earn more than men? We don’t really know, but it could be disruptive to family stability. If men aren’t the breadwinners, will women regard them as economically expendable? We saw what happened to family structure in low-income and black households when a welfare check took the place of a father’s paycheck. Divorce rates go up when men lose their jobs."
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Libertarians from the United StatesAuthors from the United StatesEconomists from the United StatesPeople from Chicago
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Stephen Moore
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