At first, the link I followed told me this story was from CBS. I found it astonishing that a major news network would challenge a previously agreed on Obama Administration narrative, and sure enough I found that this was not actually from the people at CBS who are paid to write the news (they are too busy reprinting White House talking points) and is actually from one of their financial bloggers.
Never-the-less, it is a great post that gets at why every serious academic study tends to debunk the 77% gender pay gap myth. All of it is good but the consistently most powerful point that I tend to use if I am only given time in an argument to make one point is this one:
Despite all of the above, unmarried women who've never had a child actually earn more than unmarried men, according to Nemko and data compiled from the Census Bureau.
Women business owners make less than half of what male business owners make, which, since they have no boss, means it's independent of discrimination. The reason for the disparity, according to a Rochester Institute of Technology study, is that money is the primary motivator for 76% of men versus only 29% of women. Women place a higher premium on shorter work weeks, proximity to home, fulfillment, autonomy, and safety, according to Nemko.
It's hard to argue with Nemko's position which, simply put, is this: When women make the same career choices as men, they earn the same amount as men.
One would think that this quote from Obama's own Department of Labor would be enough to kill this meme:
"This study leads to the unambiguous conclusion that the differences in the compensation of men and women are the result of a multitude of factors and that the raw wage gap should not be used as the basis to justify corrective action. Indeed, there may be nothing to correct. The differences in raw wages may be almost entirely the result of the individual choices being made by both male and female workers."