There are actually two versions of comparable worth legislation, the Fair Pay Act and the Paycheck Fairness Act. The former is co-sponsored by Sen. Barack Obama; the principal sponsor of the latter is Sen. Hillary Clinton (Mr. Obama is a co-sponsor). Both would push companies to set wages based not on supply and demand -- that is the free market -- but on some notion of social utility. The goal is to ensure that jobs performed mostly by men (say, truck drivers) are not paid more than those performed mostly by women (paralegals, perhaps).And I thought the 'living wage' people were pushing clueless economics!
Friday, February 08, 2008
If anyone doubts how far left Hillary and Obama can be on some things, check out this crazy tidbit from the WSJ (emphasis added):