The Problem with “Equal Pay”

An event dubbed Equal Pay Day is meant to draw attention to how a woman who works full time earns “77 cents for every dollar a man earns,” as President Obama has put it. Though a detailed analysis (“The Disappearing Gender Wage Gap,” by the National Center for Policy Analysis, June 2012) reveals that the claim of a systematic pay gap is spurious, the president wants to enact reforms to decrease the so- called inequality in the labor markets.