Saturday, May 2, 2015

The Pope Should Stick to Theology

 Don Bodreaux sent the following letter to the Washington Post:
Asserting that it’s “pure scandal” that women, on average, are paid less than men, Pope Francis demands equal-pay-for-equal-work legislation (“Pope Francis: It’s ‘pure scandal’ that women earn less than men for the same work,” April 30).
What is really pure scandal is that this man arrogantly supposes that his premier perch on the moral high ground gives him leave to pronounce on matters about which he clearly knows nothing.  Has the Pope reviewed the empirical evidence?  Apparently not, for he’d otherwise know that in the U.S., at least, the alleged pay gap almost completely disappears after adjusting for economically relevant factors such as work experience, education, and types of jobs.  (Is the Pope scandalized by the job-hazard gap - that is, by the fact that, for example, in the U.S. during the ten-year period ending in 2013, 93 percent of all workplace fatalities were suffered by men?*)
And has the Pope familiarized himself with the large body of research that warns of the great risks of negative unintended consequences from well-meaning legislation?  Because the forces of competition already oblige firms in market economies to pay women workers according to the value of their outputs, legislation requiring equal monetary pay for “equal work” is far more likely to discourage the hiring of women, or to make women’s jobs more dangerous or grueling, than it is to result in higher pay for women.
The Pope should stick to studying the mysteries of theology, for the realities of the economy seem to be beyond his grasp.
Donald J. Boudreaux
Professor of Economics
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA  22030

1 comment:

  1. The Pope's understanding of economics is comparable with that of the average congressmen. Devout Roman Catholics are often scandalized even when he speaks of theology, if that tells you anything. From time to time he says something right, like remembering the Armenian genocide or when he spoke of "state terrorism" and “Each state, for its own part, feels it has the right to massacre terrorists. But so many innocent people perish at the same time as the terrorists.” which seems to be a jab aimed at the US assassination policy via drones.