Do you want to know the most annoying and overused statistic on the planet? I’ll tell you……
Women are paid about 77 cents for every dollar that men are paid for the same work.
You know how I know that statistic? Because every feminist quotes it and it drives me INSANE.
WHY WOMEN ARE PAID LESS THAN MEN
First off, of course women are discriminated against, and so are men. But discrimination isn’t the real reason why women are paid less than men.
Most women navigate their careers differently than men do: women choose their career path by taking their family, or future family, into consideration while most men don’t.
Studies show that the main reasons women are paid less than men is women choose careers and jobs that are less risky, less stressful, and less demanding, and those jobs pay less. And, women don’t ask to get paid more, so they don’t. Funny how that works.
There’s a trade off between risk and reward so if women are choosing careers and jobs that are less risky, less stressful, less demanding, and they’re not asking for more money, women are putting a self imposed cap on the amount of money they’ll make.
WHY MOST WOMEN AREN’T RISK TAKERS
Out of a sample set of MBA’s, 57 percent of the men worked in “higher risk” jobs, like investment banking or trading, compared to 36 percent of women. The women who took these risky and demanding jobs had higher testosterone levels than the rest of the women – their testosterone levels were actually closer to the guys’ testosterone levels (and I thought my arms are hairy because I’m Italian… Ah ha ha ha!)
Both women and men who are willing to take financial and career risk tend to have higher levels of testosterone.
So this link between testosterone and risk taking helps explain why men are more interested in taking the jobs that women don’t want, and it also helps to explain why men are more comfortable sticking their neck out and asking for a raise: testosterone increases risk taking and men have more testosterone than women.
I guess that’s where the term “grow a pair” comes from.
Men are naturally more comfortable taking risk, and risky, demanding, stressful jobs pay more. So why all the complaining about pay, ladies?
IF YOU WANT TO GET PAID MORE, START TAKING RISKS OR STOP COMPLAINING
Before all you feminists start egging my house, I want to tell you that I’m thankful for all the ground work you’ve laid for my generation. Women have equality in the work place now that was unimaginable even just 20 years ago.
But that was then and this is now.
Feminists who are still running around telling Gen Y women – which sadly I’m not a part of – that they’re paid 77 cents for every dollar that men are paid, need to explain why they’re paid less: women make different career choices than men, most women prefer low risk low stress jobs, and so women are paid less as a result.
Stop ranting about sexism and inequality. We need to move on, puuuuleeease ENOUGH WITH VICTIMIZATION. We need to encourage accountability for this next generation of women so they can use all the progress that’s been made to help them spring forward in their careers rather than fall back in a victim trap.
Sheryl Sandberg, the COO of facebook, explained it best at her alma mater, Barnard, during her commencement speech:
“Women almost never make one decision to leave the workforce. It doesn’t happen that way. They make small little decisions along the way that eventually lead them there. Maybe it’s the last year of med school when they say, I’ll take a slightly less interesting specialty because I’m going to want more balance one day. Maybe it’s the fifth year in a commercial law firm when they say, I’m not even sure I should go for partner, because I know I’m going to want kids eventually. These women don’t even have relationships, and already they’re finding balance, balance for responsibilities they don’t yet have. And from that moment, they start quietly leaning back… So, my heartfelt message to all of you is, and start thinking about this now, do not leave before you leave. Do not lean back; lean in. Put your foot on that gas pedal and keep it there until the day you have to make a decision, and then make a decision. That’s the only way, when that day comes, you’ll even have a decision to make.”
Do you think Sheryl feels discriminated against? I’m gonna go with, No.
But she made a decision that most women aren’t willing to make; she deviated from the comfortable risk averse path.
If women want to get paid more, stop acting like victims, start taking more risk, and lean in!
PS Carnival of Wealth included me in their June 19th edition where I explain how to freeze your credit. You’re a moron if you don’t do this!