- Cafe Hayek - https://cafehayek.com -

Bonus Quotation of the Day…

Tweet [1]

… is from page 194 of William Allen’s marvelous 1989 collection of the transcripts of his radio addresses, The Midnight Economist [2]:

Profit is required for business survival Рand sex discrimination is not profitable.  If women are willing and able continuously to do the same amount of the same work as men, an employer would be foolish to pay men more when he could hire equally productive women for less.  Companies that paid their male employees higher wages would have higher production costs and would be less able to compete with companies that did not discriminate.

Comments