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If you're like me, you grew up hearing (over and over again) that women earn 82 cents for every dollar earned by a man. However, it turns out that this is a third-grade statistic coupled with an equally elementary interpretation. When the analysis is appropriately controlled, the pay gap between the sexes shrinks in insignificance. That said, men still continue to earn more than women in both absolute and relative terms. In this episode, I will discuss why this will always be the case.

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Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world.

#psychology #money #relationship

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