FTMdaily.com — Daily news updates on the U.S. Economy, Finance, and Global Events. The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. Bruce Krasting. Diary of a Mad Hedge Fund Trader. MunKnee.com. International Political Economy Zone. Financialhaze. Market analysis, share tips & advice from columnists – Investors Chronicle Columnists. Clouded Outlook. Bronte Capital. Macro Man. Beat the Press. Glenn Kessler, the Washington Post fact checker, gave President Obama two Pinocchios for saying that women earn on average just 77 cents for every dollar that men earn.
Kessler makes some valid points as to why this number overstates the gap. First it is an annual number that doesn't take account of the fact that women are more likely to work part-time and part-year. It is also true that women typically have less work experience because they take time out of the paid labor force. These and other factors (some of which go in the other direction) would be important items to take into account in a full examination of gender inequality. But has President Obama really committed a two-Pinocchio offense by using a number straight out of Census data without these additional qualifications? Context is always great, but unfortunately President Obama's use of the Census pay gap number hardly stands out as an out of context statement by a politician. Naked capitalism.
Falkenblog. Patrick Chovanec. Econbrowser. Front Page | vox. Marginal Revolution. Calculated Risk. Peter G. Peterson Foundation | Peter G. Peterson Foundation | Our America. Our Future. Jim Sinclair's MineSet. Gallup Econ News/Statistics.