Topic: Equal Pay Act

1 chapters across the catalog

Clog the Pipes
Episode 660 35:10 - 44:45

660: Clog the Pipes

Milton Friedman on the Economic Impact of Equal Pay Laws

The hosts play archival clips of economist Milton Friedman discussing why "equal pay for equal work" laws can inadvertently harm women and minorities. Friedman argues that if an employer is sexist, the ability to work for a lower wage is a competitive tool for the discriminated group to impose a cost on the employer's prejudice. He suggests that mandated equality removes the financial penalty for discrimination, potentially leading to segregated workforces.