The Unkindest Cut

Earlier this year, the Council of Economic Advisers, in its annual report, presented damaging evidence that women are a long way from job equality with men. The report noted that a woman's pay averages only two-thirds of a man's wages in equivalent job categories, but the CEA was unable to say how much of the discrepancy was due to outright discrimination. Last week CEA Chairman Herbert Stein revealed that recent studies show women get 10% to 20% less pay simply because they are women. With that, Economist Paul Samuelson advised women to exert more pressure, and suggested to employers: "Try not discriminating--you may like it."

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