Are Women Better With Money?
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- Опубликовано: 18 июн 2019
- Women report feeling high or overwhelming levels of financial stress twice as often as men. Why is that? For many, it boils down to compensation and confidence.
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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.
Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Julia Lorenz-Olson & Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Nathan Bayless
Images by: Shutterstock
Music by: APM
Sources:
gap.hks.harvard.edu/do-women-a...
www.kiplinger.com/article/inv...
money.cnn.com/2017/04/07/retir...
www.businessinsider.com/how-me...
moneyish.com/ish/the-sad-reas...
www.forbes.com/sites/financia...
girlpowermarketing.com/statis...
www.moneyunder30.com/why-wome...
www.aauw.org/aauw_check/pdf_d...
www.fidelity.com/bin-public/0...
www.marketwatch.com/story/6-w...
www.debt.com/2015/why-women-d...
hbswk.hbs.edu/item/skills-and...
Im glad you guys don't turn off the comments.
That takes guts
What can we say? We're gluttons for punishment.
@@TwoCentsPBS lmao yall funny
@@TwoCentsPBS You could also go for comparing the basis of both claims about the gender age gap.
@@TwoCentsPBS I replied elsewhere in the comments with what I hope is a level-headed critique from a fellow feminist. I'd really like to see this revisited with more full information and see some platform given to the racial earning inequality that exists in the US as well.
I get the desire to go towards the overall figure due to controlling for the opportunity gap, but I feel like all information with appropriate data biases should be presented. I feel like it's a more powerful statement to show how it truly is death by 1000 cuts rather than trying to lump those all into a single figure. Nobody can say "I'm just going to pay women 20% less because apparently that's okay" like half of these commenters when you show that the appropriately controlled gap for similar work is about 2-3% depending on the specific study/controls, but women are also less likely to get a promotion, less likely to see executive representation, and when they do, it tends to be later in their career. None of these are arguable as bad data because they're strictly controlled. At the end of that it might be easier for a typical viewer to swallow that all of these factors together can contribute towards the 80% gap (79% if I'm being exact) that you presented in this video.
And that's my 0.8 cent 😅
Burned!
😂😂😂
I don't want to be that guy but.................................1.6 cents.
@@blackspiderman1887 not how that works
@@blackspiderman1887 bro each of them gives a cent, two of them, two cents
That like/dislike ratio. Now that is TRUE equality.
balanced... as everything should be
@@thisisnotok2100 ok Thanos lol
LMAO
Help us make it equal!
LMAO thanks for the good laugh
Wow you two are lucky. The comments about disliking your videos are mild by youtube standards.
Ikr? They are actually nice compared.
That's not luck. It's the kind of audience they attract through the content and arguments they put out. It's by design.
Justin Jesunathan it’s because we are used to it being fact checked and from multiple points of view, this piece sounds like an opinion piece and the fact he was sent away makes it feel even more so.
Because they make solid arguments and welcome other's opinion. Even responds to them.
@@itsawonderfullife4802 It's the topic alone. The minute you talk about gender gap people start reeing and crying. Like, even if it's not true and you disagree with it you should just move on but you'll have people like
"YOU DUMB LIBS REEEEEEEEEE ********" all type of dumb sht
Woah, I’ve never seen your like to dislike ratio so close o_o...
I totally agree that is strange. Why so many dislikes? O_o
Brian Velez it’s probably their first one I’ve seen
They said the wage gap is real, without explicitly pointing out there is a 20% differences in wages when you don’t adjust for the work put in.
In the comments they said the wage gap is
@Bunda Par He made his comment 6 hours before you made yours it was prolly different. Also, it's still p close.
@@CyrilZaharchenko 'Cus people don't like it when you mention sexism or the divides between genders.
For the pay gap, I watched a video once that discussed how it’s actually a maternity gap. Women who have children in their 20s or 30s are often the ones experiencing a pay gap because 1) companies dont want to hire women who are expected to be pregnant soon 2) while father can take paternity leave, mothers essentially HAVE to work less when they have a baby as they have to breastfeed and such 3) Those couple of years taking care of a small child sets women back A LOT in their professional progress, causing a pay gap. Comparing women who don’t have kids with men in similar positions often shows similar salaries. It’s still an issue to be fixed though, as European countries have found ways to level the playing field a bit. Yes, women should try to plan when they have kids, but they shouldnt be punished for doing one of the main things humans as a species are meant to do, procreate!
oh but the adjusted rate is only like 2% from what I remember so its more to do with education and caring jobs(which are usually women domeated) not being paid as much. at least thats what i thought (btw this is in australi)
Definitely the most controversial video on this channel by far
And it's also wrong too
This video is very truthful. I get asked out all the time but decline because men, who make more money than me, have poor finances. I'm 47 years old. Its sad men my age still live with parents. Then you have guys my age who have an apartment. Upgrade a little more and you have a home owner with 28 years left on his mortgage. Thinking he is doing great. It will all be paid off when he is 75 years old. Then he can afford to travel with me.
But most have the luxury of dining out several times a week (twice a day) and a nice iPhone. They are doing so great.
@@anniealexander9616 There's nothing truthful about the video
@@leonardu6094 I made $50 on one late free 2 months ago because a man was bad at finances. He gave me access to his income records to qualify for the house. This video is very true. I spend a lot more on my household vs men who spend money on luxuries....harleys, guns, hunting trips/lease, bass boats, and the damn salon. I've been a landlord for 28 years. Ive seen it time after time. Some of my best tenants were a set of lesbians. Kept the yard better than any man out of all these years, clean house, and always paid rent ontime. No male to piss away money.
@@anniealexander9616 what I'm trying to figure out is why you weirdly think your anecdotal evidence is somehow proof of a general trend? lmao is this how all women reason?
This is good to hear. That means my girlfriend can buy me dinner next time.
lol
All the time lol 😂
🤣🤣🤣🤣
Fat chance
Not happening honey
"Ah shit, here we go again"
EDIT: if you like this channel, check mine out as well! You might like what you see.
They leave Alimony pay gaps
As far as RUclips's algorithm is concerned, a thumbs-down is still engagement
RUclips dislikes aren't like Reddit downvotes. Often, we don't dislike to hide a video, but simply to shed light on some suspicions we have on it. In Reddit, as far as I know, it is forbidden to downvote based on opinion but only based on how relevant it is to the discuss. There are some exceptions like the infamous EA Battlefront 2 "pride and accomplishment" scandal, as it was so provocative that no one could resist downvoting, but that's it.
i know this is a dead video but dislikes aren't counted as engagement but they dont hurt the video performance
@@yoavmor9002 forbidden to down vote because of opinion? OMEGALUL, that's the only reason anyone down votes people
5:00 Plz don't kick off Philip! We need his Mustache!
Did you just complain about living longer.
Right???
I am okay with living until 80. But until 100?
20 years of dementia won't be good
Leave it to a woman to do that.
@@evankurniawan1311 I just want to die a few years after my retirement. Whether it is 60 or 65
the victim complex
she said living longer in Poverty
The moment I saw the video title in the notification I knew they were gonna get blasted in the comments. 😅
Subhrodeep Saha - RUclips doesn't take too kindly to videos shitting on men. Look at what we did to that disgusting Gillette video. We knocked it out of the park. 😊
I thought it's about average women being better in financial decisions than the average man
@Ruby Hypatia But according to Quran, Allah created women inferior to men
@@TheEgg185 RUclips community. RUclips loves hatred of men and they even deleted the dislikes for the gillete ad.
@@destroyer-tz2mk You're thinking of reddit. The youtube community is generally much more conservative than other social media platforms which are primarily composed of cucks.
I know you had good intentions, and at the start I was intrigued and I wanted to know more how why my wife might see personal finance differently. I was surprised the video then went on a quest to show women are better than men at basically everything money related (investing, business owners, debt management, getting degrees), I'll let the audience peruse the video references and make their own conclusions. What is unfortunate is that I know its possible to encourage women financial confidence by celebrating what the genders have in common instead of constantly defaulting to dichotomy comparisons. As a result, and perhaps you didn't mean it, but the video at times came off openly hostile to men. Maybe it was when Philip politely wanted to excuse himself so females can have a private girl conversation, but instead he (and by extension all men in the audience) was commanded to stay, listen, and shut up (at the end).
Just like family finances, this channel works better when you work as a team. You know, 2 cents, instead of 1+1 cents.
As a female I agree. If Philip could have joined at the end it would have meant he was in a supportive role this time. Shutting him out completely didn't feel right.
I think we all missed the point, and the hint is at the end (1¢). Moral of the story: Whatever blah blah blah she(women) believe they can achieve, it'll always be their own 1¢ unless men bring their 1¢ to make 2¢. She kept shushing him up on purpose, that's why the result was 1.
You don't know they had good intentions. PBS paid for is intentional propaganda most of the time.
Aptly said..
you should be a pastor
Up next: How to manage your finances through a divorce.
😂😂😂😂😂😂😂😂
hmm suspicius
Duffy Elmer so good 🤣
More like how to be paid through divorce for unpaid labor)
4:12 - imagine if men were doing better than women and there was some video enthusiastically talking about how men are doing better.
You literally juste have to turn the phrase with the same data but talk about its counterpart :$
Then women will play victim card
@@TechieIshu men are already doing it.
it's because instead of men = woman, men < women is the goal
I’m sorry, but there is no gender wage gap... the reason men make more on average is because they tend to choose jobs that pay well rather than jobs they enjoy. For example, majors such as engineering, computer science, and business are predominately male. On the other hand, majors like psychology, sociology, and social work are predominately female.
And why should a psychologist make less then an engineer?
@@TheGoldenRoman couse an engineer can build a bridge that will be used by thousends every day, and psychologist can make a handful of ppl feel better. Also free market. Btw. no one is forbidding you to pay your psychologist more ^^
@@mikolajrazny it takes a handful of engineers to build that bridge. And many more construction workers as well. It'll flip anyway. The professions you now named will likely be taken over last by AI and robotics.
@@TheGoldenRoman yeah :) The Engineers, that will be responsible for developing this kind of AI will earn shitload of money!! :)
My point is - people earn (except of soviet union or "true and only one" Korea XD ) money someone is willing to pay . It is how it supposed to be, but this is of course my opinion and I'm not gonna change yours (and you - mine) through some youtube somments :(
THE GENDER PAY GAP DOES NOT EXIST:
it accounts for ALL the money made by men vs ALL the money made by women. IT DOES NOT account for hours worked, experience, or life choices. When studies correct for an hourly wage in the same profession for the same experience the gap goes away entirely. Men on average work significantly more hours, more overtime, take less vacation time, don't take time off when they have kids and tend to start working at an earlier age and keep working until later in life compared to women. Pick your country its pretty universal look into the studies. In fact the more egalitarian the society the more pronounced this is. Women also tend to work with people and men tend to work with things but typically this means men give up quality of work life for higher wages, meaning Susie went to uni and started her first job at 21 teaching and bob went straight to the oil rigs and earned 100K for 4 years straight while Susie was in uni working part-time at star bucks, Bob works 84 hour weeks and will only reduce his workload once he gets married statistically where Susie seeks work-life balance now since she's young and is living her best life and has her summers off when school is on break... sound familiar? Why is the argument always look fewer women CEOs vs male CEOs but we are not claiming discrimination about the fact that there are no women on oil rigs, construction sites, less female janitors, less female bricklayers, etc. Women are also less likely to negotiate their salaries. This is not discrimination.
It's illegal in most developed countries to pay women less simply based on gender but let's assume companies could get away paying women 30% less, why would I as a business owner ever want to hire men? Why would large companies not lower their labor costs and simply hire women and pay them all less.. Women make different life choices and instead of trying to make women act like men we should make it easier for them to make the choices they already do. Longer paid leave when having kids, maybe some paid leave for fathers to help out, better child care programs, etc. Additionally, the single motherhood rate has spiked during the same time that the state has expanded entitlements. Shocker, we incentivized men being out of the picture and now women are burdened more and more raising kids by themselves.
Furthermore, women are choosing to go to uni more than men and this is a stupid financial decision, we are finally now seeing the effects of millennials persuing expensive useless degrees getting saddled which huge amounts of debt. Given that women tend towards degree programs that are lower paying such as the humanities instead of engineering and are less likly to go into technical training like a trade this gap will grow. Additionally, with the rise of automation and AI whos jobs do you see being replaced more. Simple repetitive cognitive work such as bookkeeping, paralegal work, and retail work is a lot easier to automate vs complex manual tasks such as plumbing. It's cheaper offering a course online and replacing a teaching job than it is to build a robot that will do your roofing repairs and the university graduate jobs that are hard to automate such as programming, engineering, etc tend to be filled with men, not women.
Its always women who studied the humanities, English lit majors who did a minor in gender studies that complain saying more women need to go into science and engineering and say its the patriarchy that keeps them for going into these higher paying fields, once question; WHY DID YOU NOT GO INTO THAT FIELD? Because like most women you like working with people and not things, so don't expect other women to make choices you don't want to make yourself. Women like working with people, choose work-life balance over higher wages, take more time off, more vacations, take time off to have families and retire sooner. AND THERE IS NOTHING WRONG WITH THAT. I support their choices but does not mean we need to pass laws to force equality of outcomes rather let's give people true freedom to pursue the life they want to and lower barriers to opportunity. Less regulation, less bureaucracy, more competition.
Add to that, most financial contribution to households comes out of their male counterpart's pay. My girlfriends have only ever paid for small things; jointly used expenses, rent, groceries, travel and so on. I always do balances and checks at the end of each month. My partner has never paid more than 25% of any household expense.
Now how much they spend on themselves, is a different matter.
When experts count for stuff like "different career choices", etc, it shows the gap is 6.6% (so 6.6 cents for each dollar).
I'm all for equal rights and pay but I'm positive women have more rights then men. My wife even makes more money than I do! All that being said I have un-subscribed from this channel because I will NOT support radical feminism. This woman is blind in her research! It's so easy to cherry pick a specific job (sports, which was a poor example and was proven to be wrong anyway) rather than look at the studies that have taken everything into account for the average earnings difference.
@@Lycaon1765 Lycaon 1765p Dude... If the gap were 6.6% (which it isn't, please cite a source) it'd be 93.4 cents for each dollar.
And 6.6 cents for each dollar would be a gap of 99.34%.
What the hell are you even talking about.
@@Danny-no7jp a gap of 6.6 means that's how much women are _lacking._
That's how much _lower_ it is. Go back to school please.
www.aauw.org/files/2013/02/graduating-to-a-pay-gap-the-earnings-of-women-and-men-one-year-after-college-graduation.pdf
A fact dumping video. Does not meet the quality of the other videos. And making a point of not allowing Philip to talk looks bad
Dylan L. Women aren’t opposed in western society. They actually have more rights and protection under the law than men and have several social privileges men don’t have. A woman complaining about oppression is like Bill Gates complaining about being poor.
@@jamesjacobs3753 They need more rights and protection under the law because men already have those rights and protections assumed. Women couldn't vote a century ago and there are barely any women in high governmental positions compared to men. I'm not sure how that makes us privileged. That being said, I do agree that things are getting better. But that's because things started out so dismally.
Karisa P If privilege was measured in how much your gender is represented at the highest lvls of government then you’d have a point. Tbh if this upsets you so much you should put the blame squarely at women’s feet since they vote more at higher rates than men. i care more about issues that effect the daily lives of people than the genitals of the people in politics. Things like family court bias against men, the draft, having to pay alimony to someone for decades even though they can support themselves and lacking any male reproductive rights. You can go around and claim you’re oppressed, but I don’t think you understand oppression really is.
@@jamesjacobs3753 Thank you for your explanation. I completely agree that the problems you brought up are troubling. I also don't think that I am personally oppressed. I have a very privileged life. This being said, women have historically faced a great deal of oppression, and many who are not as privileged as me still do. In addition to this, the systems you have described were not set in place by women. The draft existed long before women could vote. I don't have enough knowledge about the other issues you mentioned to say anything on them, but I would venture to assume that they also occur as a result of old systems that women had no say in. In addition to this, you agree that men mostly occupy high levels of government- those are the people who make these policies and laws. All this being said, I do not think that blame should lie at any one side. The human race is flawed as a whole. However, by banding together and working through our problems, we might be able to make things better for everyone.
Karisa P you are so amazing I just wanted to say that, thank you for having patience!
Outro felt so needlessly agressive
I don’t feel so good mr 2cents
tonyziz
Bro.....
Maybe in a couple years they can do a video on their divorce and how much of his money she cleans out.
HAHAHAHAHAHA
Too soon
@@NicitoStaAna I'm not sure if you're agreeing or disagreeing with me...
40/60 split on straight household incomes. But they make 20% less? Something isn't adding up...lol
It's called looking for research that matches their biased point of view.
Thank goodness for things like buzzfeed blogs that people can falsely label as "research" to fit their narrative
This video was pure leftist propaganda.
It doesn't add up because it isn't calculated that way. Consider the following example: I have 5 couples of male and female. The 5 males have a salary of 100k each. Mean value = 100k/male. The 5 females have incomes of: 60k, 120k, 30k, 150k, 80k. Mean value = 80k/female. In this example, females earn on average 80% of what a male earns, but 40% of the females have higher salaries than the males. The reason why this is possible is because the females have higher variance of salary. Think doctors, lawyers, and other high tech jobs that pay well, and contrast that with part-time jobs that a spouse might have while raising children, although it's not clear if they controlled for this. In order to get an accurate analysis, they would need to control for education, geographic region, experience level, and specific job function. It's not an easy thing to do.
Agreed. ruclips.net/video/QcDrE5YvqTs/видео.html
@@BlueComputerpaper That PragerU vid even admits at 3:43 that the wage gap exists.
Every woman I’ve dated in my life was FLAT BROKE & living paycheck to paycheck and all asked me for a significant loan at one point during our relationship. 🤔🤔🤔
did they really point blank ask you for a loan? Or was it more like dropping subtle hints like "If only I had an extra couple grand laying around I could get my car repaired. Oh well, I guess I'll continue to drive to work and hope the motor doesn't conk out on me in the middle of rush hour traffic."
@@Rockabillyrulzok The answer is yes. At different points in time in all of my relationships I was asked point blank for loans.
@@joebondo2422 I don't wish for anyone to be asked for money but I do admire a gal who goes for the direct approach. Subtle requests and hint dropping don't make for mature relationships.
Not that fiscal irresponsibility is mature either.
Next video: Are men better with money?
Answer: yes. Roll credits
Oh and let him shut her down for the entire video. That will go well
I think she shut him down because it has been the opposite for so long in the past, so ya of course if the dude shuts the girl down it will get more back lash
That would require equality.
@@crcampbell2210 it will just set the ground for the next video HOW TO TAKE YOUR HUSBAND FOR EVERYTHING HE'S WORTH IN DIVORCE!
It's an earnings gap, not a wage gap. It's illegal to pay women less for the same job, and if businesses could pay women less for the same work, then why hire men at all?
Thank you so much for saying this
@@crackle6918 no problem :)
Yes, it is illegal. But, it is a l aw that's virtually impossible to enforce. To your second point The reason the pay gap exists is because 1) certain employers value women less and 2) women tend to be taught to be timid about money, more so than men. Not because employers are trying to save money.
@@breannaeastman2864 I'm not sure women are "taught" to be timid about money, but in general, women tend to be much more conservative than men when it comes to investing. Also, arguably the main reason women earn less than men is because they tend to prefer more personal jobs like teaching over higher paying jobs such as those in stem fields. Not because they were taught not to want to do that, instead, there's just a general lack of interest.
@@breannaeastman2864 So a business can instantly become much more productive by hiring women. Why are they not doing it?
Just curious....
Is there a divorce pay 💰 gap?
Please do a whole video on this if need be
Cheers
There is a book called shortchanged that discusses this in detail, essentially it concludes that the answer is yes for the following reasons
- assets are not split equally
-women are more likely to be the primary custodian, which leads to less ability to save money and build wealth
- women are socialized to make decisions that benefit their husbands career, which affects them positively during a marriage but negatively after divorce.
Someone take a joke seriously. 🤣🤣🤣🤣
@@Excalibur2 Exactly, everyone acts like being a stay at home parent is a victim. Let's also not forget that it's a choice.
@@justinlange3214 Many times it's a choice made by both parties though. Quite regularly the husband wants the wife to stay home as well. Can't punish a stay at home parent by not providing assets if both chose for the woman to take the "unpaid job".
I don't disagree about divorce laws needing to change, I just think you need to be unbiased with your opinions.
@@aaronlombardo9032 Well when you decide to get a divorce, you're reversing a lot of agreed upon choices. I don't disagree at all with what you're saying, and I'm not saying throw the stay at home parent on the street, either. If the working parent is willing to shoulder half of the physical custody, which should be their right as long as it is reasonable to do so, the stay at home parent should get a grace period of 3 years with full child support, and after those 3 years that support should go down significantly year by year until it is zero. It seems like that would be more fair to a lot of men than taking their kids away against their will and making them pay for 18 years.
I'm a business owner. I only hire women because they work 80 cents on the dollar.
Said no one ever.
ON AVERAGE
@@nathanwi1147 Do you seriously think that's due to sexism?
You know I was on board until the end of the video. The biggest problem we face right now is the "Me vs You" mentality. That's your teammate and you made it seem like his opinion does not matter and it most definitely does, what a terrible message to send young people.
it's her husband in real life, even worse.
True, I am a man so my opinion will rapidly be disvalued just because of that. Ad hóminem
This is just how many "couples" manage differences of opinion actually.
Poor Philip... His one cent totally went unappreciated!
I don't mind Julia's cent taking spotlight sometimes! -- P
When it comes off as rude, 3590 seem to disagree. I subbed to this channel for facts,learning,insight,and great content. You have delivered so far. But this content is useless in my opinion. Deviding anything to deal with humans usually ends in disaster. I refer you to ANY "civil" war. I did not thumbsup or down this video. It was worth neither. Divide and conquer only benefits the devider, no one else. You can (and HAVE) done far better content then this. Have a great day and a better tomorrow.
The one video on this channel I disagree with.
Harlan S same
Same
I disagree with this and their poor video. Looks like they are pandering to YT BS
Same
Women getting 60% of master's degrees in this day and age is not a good thing necessarily. The quality of education has gone down so much that many people can get an advanced degree and have little clue of how the real world works. Many of them go into terrible debt to study subjects that are useless outside of a small section of academia.
Women earn less money but also women earn more money...
Two different comparisons: the first with others holding their same position, and the second with their husbands.
Raul Piñeros the wage gap doesn’t exist😑😑😑
@@5people829 well... the pay gap does exist but it has nothing to do with inequality or women getting paid less
@@perttutunkkari3275 ik
If all women were paid less than men, I'd only hire women.
Nordic Axe ikr if I could pay 20% less for the same input I would. The fact that men are still getting jobs means that they are offering something of extra value, be that extra hours or more dangerous jobs. I think this video is overly opinionated.
Of course in some less developed countries women are not allowed to hold jobs with high pay, but that’s a different story altogether than the western “wage gap.” That’s where equality is actually needed, and modern feminism only downplays the problems of true misogyny by making feminism seem like nitpicking and complaining.
@@TumblinWeeds or there is a gender bias in the hiring process... Just sayin'
@@broomemike1 yeah sure, cause employers are going to hire more expensive workers on purpose...😂😂
@@nicholasalonzo3499 who said 'on purpose?' Gender and race bias are not usually 'on purpose' but are done because of more subtle factors. This isn't a conspiracy. It's just the default nature of folks to prefer to work with like people. This is also not a male/white monopoly. We just currently happen to be running things, so our decisions make more impact.
@@broomemike1 well if its internal biases your refering to then it shouldn't be an issue. I have worked for companies where the majority of workers were Hispanic and they would treat whites like dirt. Every person of every race, gender, etc has internal biases its not something you can eliminate from people.
I think you guys missed the mark on this one
Big time.
Little to no research of their own... if any
Men get paid more it's bad but if women own 2/3s of the economy it's good? Make your mind up
PBS is pushing leftest woke BS propaganda nowadays. This couple is just following orders is all.
Also it is good that women graduate more?
As you said make up your mind if it is good that genders go for what they want and gaps exist; or it isnt OK.
Jan Brokeš the fact that women graduate more shows the real reason why women get salary in total. They are less ambitious, want to work less, and are more agreable when it comes to asking raises
Wanting to work is different from work ethic, and work ethic is different from laziness
I have no idea how you made those conclusions
The wage-gap can be explained using basic labor economics. This wasn't the best showing from Two Cents...
When the topic is feminism, logic reasoning and rational explanations are ignored. All that matters are women's emotions.
Oh man, are you ready to look at the ratings with this one?
I came to this video JUST to look at the ratings, I got what I was expecting.
This men vs. woman crap is getting old... Can't it be well informed individuals make better money related decisions.
Exactly, women and money is a great topic to cover. It's interesting, educational, and positive. But they had to go fiercely pit the two against each other and clash. Very unpositive and not conducive to learning. Very unlike their channel to post such a video. This is supposed to be PBS not CBS.
I agree, I wish they would talk more about WHY (women & men) or (men & women)
Have to constantly chase higher income like a carrot on a stick.. have you seen how much $100 will get you at the grocery store, not that much
@Inebriatd I somewhat enjoy toxicity, I truly do, and this video may be laking it. But men must take the higher road when it comes to public toxicity and the opposite sex. So, let them bore themselves in mire and I'll gaze in intrigue and admiration.
I thought this was about personal finance not conspiracy theories.
Wage gap is not a conspiracy theory, it's a myth.
The wage gap exists, but it’s
@@alexismisselyn3916 yeah but that can be explained by women negotiating salary less.
@@austinblackburn8095 John green has a video on it. Child care specifically pregnancy seems to be the reason for the .6% or whatever the real gender pay gap is.
Tesla is on the same level as Bitcoin? What? Is an international EV company with a genius CEO really that speculative? I guess you'll be right if Tesla fails and goes bankrupt.
It's a start up, most start up businesses fail and therefore investing early is a risk. Tesla is on track to do really well for now, though, I don't have a crystal ball, it could go all tits up in a pine box yet.
I mean Tesla has gone almost bankrupt once already.
@Carmela Montenegro they're not trying to make money, they're trying to scale right now
I’m a time traveler from 2022, Bitcoin is a world currency here
Elon is smart calling him a genius is just rude to real geniuses like Albert Einstein and Stephen Hawking. Elon doesn't really invent new things, he is pretty smart at business yet when it comes to social media he has terrible impulse control.
In general, women prefer budgeting and saving while men prefer to make investments 🤔
Chris Invests - Personal Finance Videos investing in drugs 😜
Hey! I see you on Dave Ramsey all the time 😂. What's up? If you think about it, it makes sense...
(Generally) Women tend to decide based on future security, and Men are more risky. It's the same reason horror movies are a hit with women (based on limited marketing research). Women prefer to feel scared, thrilled or in imaginary danger in the *ACTUAL safety* of their homes.. Men go out & do *ACTUALLY dangerous stuff* for fun 😅
Proof? Sounds like fake news.
Mpho Molapo yes, I think it's normal!! Not saying either is better 🤷♂️
The key take away is to let a female fund manager managing your investment portfolio
A wage gap is illegal on a federal and state level since it is technically discrimination. Mc Donalds will never give a woman $9 and a man $10 an hour for the same position. It's illegal.
Women are experiencing an earning gap. Meaning they work fewer hours and earn less money.
Women also have a problem with working oversaturated job fields. Banking, Nursing, Admin, secretary, teaching; all fields overloaded with candidates and not paying that well for the amount of education required.
In jobs that require negotiation skills to determine pay, women lowball themselves and accept less pay due to a desire to not be confrontational and a lavk of confidence in their self worth. Jennifer Lawerence lowballed herself for the Hunger games casting. Her manager and friends had to really convince her to bare her teeth a little and demand higher pay for the 2nd and 3rd movie so she could get actual leading actress pay. She stated that she just didnt want to be confrontational and kept accepting shit pay even though she's a huge star.
Tashawn Nicholas totally true. It’s an earning gap! especially for women with kids since most societies have them doing labor like taking care of kids and the literal labor of having them. Also for the record I’m a woman.
The truth is women also have a cost gap,.
Video describes how men seem to spend more on commodity goods and luxuries, but for every buyer there is a seller, and there are more women products than men products. Even if the statistics is true, most of the expenses men make is for their family.42% women bread winner, means 58% men breadwinner.
i’d say 2 and a half inches
When men outperform women financially it’s called inequality. But when women outperform men financially it’s applauded. This video is a great example of that dynamic.
It seems that all this talk of equality only applies when it benefits women.
that's what i find with many feminists who instead of leveling the playing field, they want to shift balance in their favor.
If a man does chores too, and a woman can focus on career more, then it's okay for husband to outperform. You missed the point and chose the part that you like 👌
@@asadb1990 no, they just want men down.
In what facet of life do me not have an advantage? I can't think of anything where women becoming more advantaged is not a step towards equality.
lmao your husband showed up at the end just to be present
The wage gap is simply the average earnings of men and women working full time. It does not account for different job positions, hours worked, or different jobs. It has nothing to do with the same job. It has nothing to do with discrimination.
Nice Sh0e reference!
@@darthfiende1 ;)
The gender pay gap is not for "an equivalent position". That number comes from taking the average of ALL men working full time and comparing it to ALL women working full time. The difference in pay between men and women has been showed time and time again to be because of the choices made by men and women.
So you're either being purposefully misleading, or you didn't do your research. Either way, you've lost most of your credibility.
For the first part of comment, thanks I was about to type all that, didn't have to 😅😅 on the second part, maybe just a mistake but idk
@@mattpalmq I think you should read the original comment again
@@bibekadhikari4357 Making a mistake that large would be due to lack of research.
I've seen a lot of data and papers on the gender pay gap, and none that I've seen show no gap. Which research are you referencing? Can you send the citation?
@@Roll587
I never said their was no gap. I said the gap has been created by different choices people make, not discrimination. And that the wage gap shrinks to statistically negligible when like for like factors are accounted for.
www.cbsnews.com/news/the-gender-pay-gap-is-a-complete-myth/
Without even watching the video, just in my personal experience, no, most men I know are better with their money than woman. But I'm just a 20 year old dude, totally willing to learn from this video
Awww! Poor Philip didn't get even a cent!
I think we should ask ourselves, how was it that in the 1940’s, 50’s and 60’s it took only one family member working at a hardware store could buy a house in 10 years, be able to support five children, have at least one car, and go on family vacations.. something seems to be different...
Inequality???
A gap between the rich and the poor.. do you know why you have inflation?
Well, there seems to be this magical thing called change. Has nothing to do with women working and has everything to do with a housing shortage and people choosing passion over money.
Canadian Ninja
I’m not here to fight with women, I love women... but I wish people would ask themselves why $17 an hour minimum wage is good today, but will not be good tomorrow...
@@CanadianN1NJ4 if you push women into the workforce you increase competition among workers, pushing down wages. Combine this with outsourcing and immigration along with laws favoring boomers, it's easy to see how real wages have gone down.
my wife is horrible with money. when we got our house in 2005 she was writing checks and not recording them and she ended up with -$1,000 in her checking account plus another $1,000 in overdraft fees. I had to pay that all off plus we had collection agencies after us. She was also hiding mail from me so I wouldn't see how much she was spending so not only did I have no way of knowing how much she had in her account, there were also bills not getting paid because they were "getting lost in the mail". I was on the verge of leaving her, but then I was able to get all my accounts and bills online where she couldn't "hide" them. I also keep separate accounts for myself so she can't wipe out everything we have and make me bankrupt. She is doing a lot better now, but she still get's a little irresponsible with money and makes it very difficult to stick to our budget.
Yes man, this video is inaccurate, money management has nothing to do with gender. If you are good at it, you are good at it, doesn't matter if you are a man or a woman.
The gaps in debt between men and women were only like a 1,000 difference (give or take). Thats less than a 5 percent difference. Both gender appear to be kinda bad with money. Women just slightly less so.
@Inebriatd No, you're practical! Teehee.
In al seriousness, I like the way you analyzed that. It makes a lot of sense, though I think some actual research would still have to be made to confirm any such claims.
You should get out of that marriage. Someone like that may be tempted to divorce and take half or more of savings.
@@Excalibur2 that was 2005... 14 years ago... she didn't do it out of spite... she's just a dumbass because she didn't have real parents or any kind of upbringing... and getting out of the marriage now after over a decade I would definitely lose half my savings whether I divorced her or she divorced me
You lost me at 0:30
So
1 men make most of the money
2 women make more than men
3 women are the main Spenders of that money
4 wait what?
Women make less money than men doing the same job.
For instance; I make less per hour than my ex. But I worked 66 hours this week vs his 40. Plus I invested in real estate and have passive income while he invested in steak and beer at the local watering hole.
Women buy groceries, house hold supplies like cleaning supplies, toilet paper, furniture etc. We run the home. Men use these things but aren't the ones who go get them. Because that would take effort. 🤔
@@anniealexander9616 seems like the bar you set for men in your life is extremely low. No offense.
@@NTGNatural not really. I dated a pilot that flies for Delta. His finances are shit. He is just as entitled as the pipefitter I married.
@@anniealexander9616 lol a pilot? Well Donald Trump is the president of the United States.. So by your logic I guess he's a great guy too? My point is, a guy can have a great job and still be a piece of shit. So like I said before, you just don't know what a good man is or your not good enough for said good men.
If your expectations of all men are that low you may only get that.
Also, why this video praises and celebrates the inequality in purchasing decisions, mentioned inheritance scenarios, education etc., while other inequalities are condemned like earnings gap?
Word. 60% of masters degrees being in the hands of men would have a much different tone.
Agreed. Women whine about the areas where they lag, but then dismiss the areas where they succeed, especially education. It's crazy that fewer and fewer men are graduating college, and women never see that as a problem.
Listen, love your show! But your statistics are wrong! Its cut from a general line. Female pay is generally lower but anyone in the same job gets paid the same! The fact: women look for lower paying jobs because of intrests and desicions NOT unequal pay and opportunity
Citation?
ruclips.net/video/QcDrE5YvqTs/видео.html heres a prager u video that explains this a little better then i can through text in a coment section. The sources are provided in the description of the video.
Hey here's my two cents.
Its actually illegal to pay someone else lesser for gender, race ethnicity, religion, etc.
Meaning if women get paid less for the same job.
.
.
.
.
.
THEY'D JUST HIRE WOMEN (not angry btw. Love your videos)
1. it is legal to pay someone (by individual not group) more when they're significantly better than their colleagues
2. Are you saying that companies pay women less for the SAME JOB AND HIRE men at the same time?
Taken all this into account (1&2) and assuming the gender gap is real.
You are technically saying that women get paid less legally because the average woman does not work as hard than the average man for the same job?
whoever wrote this is probably a sexist.
(a joke/exaggeration. Please I love your videos. Don't use political pandering for views. You already have quality content)
I wish she gave examples of the wage gap.
Nicito Sta. Ana Yes, companies tend to pay less to women for the very same job. Of course a rational person would hire a woman because it is cheaper, but a rational world wouldn’t have wage gap in first place. That’s the point of wage gap, that it is irrational.
Also even if it is illegal to pay less for the same job, it is nearly impossible to prove that it happens, and it happens because of gender. It is very hard to find two, exactly similar worker at the same company, so in individual cases they can usually explain why they pay less for one. Also in many cases, salary is the result of a negotiation, so there are not even 2 men with the exact same salaries.
It is only clearly visible if you add up many jobs, and compare average skills versus average wages.
@@juzoli weird how the 2nd part of your comment explains why the feminist pay gap is a myth. The gap is real but the reason is wrong. BTW you can't average out skill.
@@juzoli
Soo.
Companies hire women for what exactly if they get paid almost half as the man? (Well maybe not half still a 5-10% discount employee with same skills)
you say that the world is irrational.
But I don't think businesses would be so irrational that they won't hire women majority of the time.
Have you heard that companies turn the blind eye and hire illegal immigrants on temporary jobs for below minimum wage instead legal citizens for minimum wage?
I don't know what is the percentage of illegal immigrants in America and how many they encompass the workforce.
But take into account that women are half of the population.
Or rather
The percentage of illegals to legal workers.
Soo which is it?
Irrational but legal
or
Rational but illegal
And there are other comments that debunk much more clearly the wage gap and showed links of recent studies that women actually get paid more.
I do believe that there's a wage gap. But it's not on 2 similar skilled but different genders on the same job.
People get paid less because of a whole lot of uncontrolled variables.
Ie height.
(Yes there is a study about height and salary correlation on the same job)
And women are on average shorter than average men.
Is height a significant change for salary. Yes and no.
Different jobs different priorities.
But
It's probably not that much of a big change in salary. Just opportunities.
Also men (on average) are more workaholic due to being breadwinner.
So that's another reason too.
Although that changes overtime and probably close to or already outdated.
Also
Yes salary is negotiable.
So?
Are you implying that women have lower negotiations skills?
What's the connection of that with wage gap between genders?
systematic101 No, I explained why it is NOT a myth.
And you CAN average out skills, if the people with same skills are at different companies. It is not illegal to have different salaries for same position and skills at different companies. But it still shows a problem.
2:25 me who just invested 50 bucks into a cryptocurrency because its name was pancake:sweating profusely
EDIT: Made $2,20 10/10 would do again
easiest shoot of the year for Phillip
It's true. -- Philip
@RF Gaming it's not that deep
I want to preface this with stating I am an intersectional feminist, and I just wanted to point out the issues I saw with this piece. I also just want to firstly say that I usually greatly appreciate how well researched and nuanced information is typically presented on this channel. This piece did feel like a departure from that.
Typically there's some decent context given to numbers that are presented in your videos, but the wage gap part felt unnecessarily surface level. Did you know that young women are actually out-earning men? This time article uses the same 80% figure, but also presents some more context showing that in younger age groups, women tend to out-earn their male counterparts: content.time.com/time/business/article/0,8599,2015274,00.html
In that same vein it would have been likely useful to demonstrate the exaggerated gap that exists between specific race-gender groupings. Payscale actually released a large meta-study for 2019 exact figures that gives quite a bit of necessary context. www.payscale.com/data/gender-pay-gap
I also took issue with the fact that you pointed out that women are responsible for the majority of housework (through saying they're primary shoppers for their families) as a good thing. Inequity in the household, specifically around household tasks, is one thing that is staunchly one-sided against women. This is why feminism is so against gender roles on both sides. As a new mother, you're specifically likely to shoulder more of the household tasks (not saying that you are, your husband seems like a wonderful guy), but that's completely uncompensated work.
We need to be fighting for equality across everyone, and this obviously was more divisive than it was informative. You are very involved in your community and with your viewers and I hope we could see this topic revisited with more complete data. I'm not unsubscribing and I still recommend your videos to many people who are looking to get a good handle on their personal finance. This one just left me a bit disappointed.
I learned more from you than from the video. Good work!
@@Danny-no7jp Please keep reading on this. This is a complex issue, and the unfortunate thing is that the figure they presented isn't _wrong_ but is incomplete. That payscale study does show a lot of contributing factors to that large figure, some that are clear smoking guns of gender inequality in the workplace. If you look at executive representation between men and women you can see that women have lower representation in the executive arena (practically 0 in early ages where gaps due to child rearing are much less likely among college educated high-performing women). Because our society is so top heavy on income, that represents a significant chunk of that overall 80% wage gap.
Looking at that data, and subscribing to the fact that neither a man nor a woman is inherently better at leading a company, suggests that there are still major issues of sexism in the workplace, they're just getting subtler.
Person McPersonface can you speak more about the wage gap? Everyone keeps saying that when taking other factors into account that the wage gap disappears but even when accounting for years worked, type of job, overtime etc. the gap is still there.....
Edit: never mind I read your response to the comment under yours👍🏾 thank you! I thought so because it’s Basic basics of statistical data collection to account for as many confounding variables as you can and things like type of job and years of experience are obvious ones. I looked it up and it said that even when all these factors are accounted for...same industry, same job same level, position etc. the wage gap still exists.
@@999bmxbandit I have a question though is 'young women are actually out-earning men' an issue?
does it need equalising? if equality is what we're after and if yes to what degree are we going to be pursuing this effort maybe a whisper here and there or are we just going to ignore completely for the sake of 'tic for tac'
@@leilanidru7506 I'm not saying it disappears, but I'm just going to copy paste what I put elsewhere here in the comments. The issue isn't that the wage gap doesn't exist. It does. The issue is that to a typical person hears "women are paid 20% less than men" and then a man says "I'm not paid more (or that much more) than my women coworkers". It completely ignores that there's a clear opportunity gap that ends up manifesting in that full 79% gap. But here's what I said elsewhere:
I get the desire to go towards the overall figure due to controlling for the opportunity gap, but I feel like all information with appropriate data biases should be presented. I feel like it's a more powerful statement to show how it truly is death by 1000 cuts rather than trying to lump those all into a single figure. Nobody can say "I'm just going to pay women 20% less because apparently that's okay" like half of these commenters when you show that the appropriately controlled gap for similar work is about 2-3% depending on the specific study/controls, but women are also less likely to get a promotion, less likely to see executive representation, and when they do, it tends to be later in their career. None of these are arguable as bad data because they're strictly controlled. At the end of that it might be easier for a typical viewer to swallow that all of these factors together can contribute towards the 80% gap (79% if I'm being exact) that you presented in this video.
Thank you for asking for the clarification. I want to make sure I'm being consistent in the argument I'm making.
I feel like you made this men vs women when it could have lefted women up with out feeling like your puting down me. It is mostly just the part with phillip why not just make the video with out him?
lost me at the gender pay gap when you didn't address the reasons for the gap. it's been illegal since the Kennedy administration for employers to pay men and women differently for doing substantially the same work. so unless you're suggesting a massive conspiracy or cartel across all companies and industries, there's another reason for the gap.
it's simply wrong to claim the gap exists in "equivalent position[s]". in truth, men and women make different career choices. men work an average of 45 hrs week while women work about 38, for example. the top 10 college degrees for men and women are also very different. some careers are dominated by women (nursing, dental hygiene, social work, early childhood education) while others are dominated by men (construction, logging, web developers).
after adjusting for all the variables (similar education, competence, experience, time on the clock, etc), there is no pay gap or it shrinks to the margin of error. see Why Men Earn More by Warren Farrell.
next time do an honest examination of the facts and data rather than pushing discredited feminist talking points.
What was the purpose of this video? Usually I get good financial advice but the point does not seem clear. I don't want to contribute to the "the wage gap isn't real crowd." I just want to express how I come here for financial advice rather than whatever this was supposed to be.
my feelings exactly
@@ShiningSakura I really hope they dont continue to do this type of carbage, it felt like a mainstream media hit piece
It’s a finance channel. and that can come in many forms other than finance advice. And sometimes just include giving financial information, inspiration, and motivation. They make plenty of helpful advice videos 99.99% of the time and the one video about women and money people are threatening to unsubscribe🤦🏾♀️ sheesh. The video is called, “are women better with money” so I think the content can be reasonably inferred from that title. You didn’t have to watch the video or be subscribed to the channel🤷🏾♀️
@@leilanidru7506 its the fact that they spread miss information, fact is women and men are paid the same for the same job if they work the same hours, thats why people take offence with the video
@@leilanidru7506 I like their content though. I have genuinely learned many new things that can help me in my everyday life. Even their video about browser cookies was framed in a way to help consumers rather than just informing the public. Also, I don't disagree with what they are saying. In fact, I resonated with many of the figures they stated due to the many women in my life that have been both the sole breadwinners and money managers. However, I cannot say that I learned anything that will help me in my everyday life from this video.
Kinda rude at the end came off that way to me
I didn't really notice until you mentioned it, and yes it came up quite rude.
I agree with Abdiel Neris.
If the papers turned, it would've been sexist and shameful to women
@Z Breaux that doesn't even make sense, what do you mean by saying men had their time? Aren't women fighting for "equality" yet they try to always play the victim at their convenience.
@@abdielneris4957 Judging by the like/dislike ratio... I don't think many people found that funny.
Where do I find a girl thats good with money? My current girlfriend makes more than me, but somehow is always broke
I wonder if our debt is lower because we're good at managing it, or because it's harder to get a bigger loan on a lower income. I know I've struggled to get loans/credit cards because my income is so low, and to qualify, I have to pay a higher annual fee on credit cards and higher interest on loans which sort of defeats the purpose of a low income person getting a personal loan!
Honestly an underlooked point
Just one question: If women are cheaper workforce for the employer - why anyone would hire a man?
Bull's eye question dude
Gender wage gap exist,but there's so many variable other than gender alone
Women and men are paid the same for same job, gender pay gap is just average earning of men and women which doesn’t take into account hours worked, job position or occupation.
Probably because sexism still exists. This is why the notion that the market is efficient is a myth. Businesses will pay a man more to do the same job as shown in the data. The market is full of bias.
Experience and skills? I mean, yeah sure women are a "cheaper workforce" but if they don't know how to monitor or work with something and there is less supply of women in these fields, how can you hire more if there isn't enough supply? I am not saying anything bad, it's simply that women aren't interested in such fields or were never really exposed to them and thus the situation.
Edit: I wanna point out, it isn't the women aren't interested, they just have less of an opportunity to do things which men dominant.
@@pshivvy4212 Actually, you're just exposing your ignorance.
@4:36 .. watch it at 0.25x speed and watch it multiple times. All men in a relationship know it's that "oh boy here we go, let's just suck it up and keep quiet" moment.
prashanth kumar thats genius bro... its like watching him through the mentalists eyes
oh my god, made me laugh so much when I did that. good job spotting that
I’ve worked in many jobs and women and men get paid the same. The reason men make more money is because they’re willing too do tougher jobs and work more hours.
Phoenix 21 UHHHHHMMMM, areyousureaboutthattho
Also because more men are able to work. As well as there being plenty of households where women tend to be the main caretakers, which means they don't often have the time for a full job
That ending made me angry.
Can you point to a specific company that is paying women less for the same exact roles as men? If so, let’s go after them and make that info public.
No lets go even FURTHER lets find the individual women who are getting paid less then the men..
I see women always complaining about that someone out there MAYBE getting paid less
But I've never heard a woman make a statement that she is the one getting paid less hmmm
Autism Family I know of MANY companies that are paying women more for doing the exactly same jobs as men: The porn industry!
@@AutismFamilyChannel Juniorgod321 is saying that WOMEN GET PAID MORE than men In the porn industry. What are you talking about?
Ford and Walmart have a long history of wage theft.
Finite Wehosh : can you prove it? If you can it could end the debate about the “wage gap” as well as shed light in the dark corner of those companies.
Ok, guys... I love your videos, but celebrating when women have an advantage over men and complaining when men have an advantage over women is just wrong.
The one piece of conclusive evidence in this video comes from the performance of women's investments and bond returns: that does suggest better financial management, long term goals and planning. Better business performance too, though that is not clearly articulated in the video in financial outcomes.
Everything else seems to have been thrown in randomly as filler content. "More bachelor degrees" and "inheriting more money from parents and dead husbands" are signs of good money management? That sounds like a poorly written joke. The money you inherit has got nothing to do with how you manage it but rather with how well your parents or spouse did. As for college degrees, they result in more debt than improved financial prospects - I actually feel sorry for those women and men who are going to graduate with debt and diminishing employment prospects, having trodden that path myself.
As for the credit score and consumer debt difference, we're looking at a totally insignificant gap there. It would be madness to draw any conclusions from it. Unless you are actually pursuing a certain narrative that is.
i love the whole confidence approach on this video. now that i think about it, my gf is always lowkey asking me what to do with her money, but she always has her stuff controlled!! like, she's much better than i am
maybe im missing the point entirely but i do think this whole thing was valuable insight for my relationship c:
Hey Two cents, you left out a lot of information regarding the gender pay gap and you used it in a dishonest way.
Both my father and sister have the same nursing certifications. My sister decided to work at a elementary school, easier job with concrete hours, less pay and summer offs. My father on the other hand often puts in 65 hour work weeks and works at a nursing facility. If we compare their income 30k to 60k and call it a gender pay gap, is that being fair or reasonable? We can't just compare all full time working women to all full time work men. There are way to many variables.
Once you include everything from experience, hours worked, and even the job they're working. The gap drops to about 1-4% and even then, the differences in pay swings both ways.
Dont explain that to them. They see only what they want.
Hi there! Although I don't study gender or money, I use similar statistical models in my work. Luckily, the comparison you illustrate isn't statistically valid and, from the research I've read, hasn't been used. So, regardless of anything else, you don't need to worry that that is the kind of analysis behind the results.
@@Roll587, I'm glad you think it's lucky women make less then men.
@@Lapdogst Yep, that's definitely the appropriate interpretation of that sentence. 😂
As a longtime fan, I miss the practical advice that I’m used to from this channel.
“Women earn less. That is bad and should be equal.”
“Women earn more degrees. That is good and should be celebrated.”
You should really pick one or the other.
Women do not get more degrees because of a system that favors them,they earn them but men being paid more doing the exact same job is because of a system that favors them not because they put extra effort...those are two completely different things
@@faynt2801 untrue statistic. Men typically take more risky higher paying jobs and work more hours in a year which is why they make more. A man and a woman working the same job makes the same if they are equally qualified
So, women make 40% of the household income but do 75% of the spending? Sounds about right.
5 point difference on a credit score is so small it’s not worth mentioning. The average loan balance being 1,000 higher for men is not that meaningful meaning it’s a small percentage
Poor Philip. He could have something to say too
"My wife took my balls away"
Business Knowledge LMAO
They don't want him to "mansplain".
@@justrandomthings319 ugh, how sexist can women be
One of the most biased piece ever. Can’t believe PBS is helping fund this.
I personally like PBS but this is really disappointing seeing them not give the full story.
Are you kidding? PBS is a leftist cesspool.
Gender pay gap isn't real, but the earning gap is real, due to a number of factors, mainly working less hours then male counterparts.
The look an Philip’s face was like nahh... ladies and money. Lol 😂.
Oh...
Please provide one real life example in the USA of a women making less than a men for the same job. Average earnings means nothing, there any many factors in that statistics and you guys know that. I love the channel but this is disingenuous at best.
Google is really handy for these kinds of things. The U.S women's soccer team earned roughly a quarter of what their male counterparts did in 2015. Even though they generated more in revenue than the men’s team. Oh, and they also won the 2015 World Cup.
@@TwoCentsPBS REALLY? how ignorant, the men's team makes way more money then the women's team, 1 rule of business school you can only pay employees what you make, if you look into it, FIFA pays the men 5% and the women make 13% (they get guaranteed income if they are injured and men don't) yes women get paid less but that's cause the women's division makes less money, stop being so ignorant its frustrating
@@TwoCentsPBS the average male porn star earns way less than his female counter-part. However, that doesn't mean there is a systematic male discrimination in the porn industry.
@@TwoCentsPBS And as I can see there a lawsuit in progress for that case. The vast majority of jobs as none of that and if they had more lawsuits would follow, otherwise companies would just hire women. Instead of propelling this myth both men and women should be fighting for other things such as paid maternity leave that would help that "gap" diminished.
@Anal Jihad In the short term yes, but on the long term I think it will ok, most European countries have it and companies are still operating.
0:35 that’s an oversimplified way to describe it. As said in your own source the primary reasons for the “gender pay gap” are females applying for less jobs, applying for lower lying jobs, and not negotiating as much as men do.
How do they explain college delt mostly Women. And logery. 😄😅😆 Like shoes or jewelery. And make up and certains. .
I'm not sure where you are getting this, but what I've recently read and learned is that even with the same education and qualifications in the same field of work, women still earn less than men. And it doesn't have a solid reason other than the assumption that women will be having children later on and thus will take maternal leave. I believe the reasons you mentioned are true but only back then when women didn't have many rights to education etc. which would have allowed them to seek higher-paying jobs. Another fun fact, based on statistics in the USA, the higher paying the job, the bigger the gender pay gap.
0:31 no it’s not
Women in the exact same position as a man make the exact same amount. This is because it is illegal to pay them differently. Why would they put such a misleading factoid?
Not all jobs have to follow that, especially ones where you can haggle your rate in your contract with your employer when youre going through the hiring process. Employers tend to give misleading info, like saying the average wage is 58,000, when in reality its more like 65,000. The difference is men are more likely to haggle for more, while women tend to accept the companys starting offer to not seem greedy. Of course their starting offer is low, that how most money exchanges start, women need to be willing to ask for more, but society has taught us not to make too much of a fuss or else we'll be annoying and pestering others. However that difference adds up over time.
How to fix the Genderpaygap?
Force women to study something valuable....
My Niece is studying basket weaving in college, When she gets out
Were going to clean up $$$$$$$$💵💵💵💵💵
The articles she has listed are 1. Not very reliable (except 2). And 2. Are biased in their findings.
If you click on the first link, the findings of that article state that when wages are not explicitly mentioned as negotiable on the job ad, men are more likely to negotiate for a higher wage. If the ad states the wages are explicitly negotiable, then men and women are equally as likely to negotiate for a higher wage. So really, what the first article found is that men are more likely to take risks than women are (e.g. negotiate on wages that were not mentioned on the ad to be negotiable). This has been shown by many other studies as well. When you are more likely to take risks (and it pays out), you get more money. The article’s silly suggestion was to have businesses explicitly state the wage was negotiable. Can someone tell me how that helps anyone? It’s kind of the woman’s fault for not taking the risk to negotiate a higher wage.
Next, the article where she states that women earn 80% of what men do comes from an article on a site that no longer exists. Furthermore, that site that contains the deleted article comes from “equalpaytoday.org”. Does anyone see the problem here? Here we have a source, that has missing information, and instead of creating a scientific study to analyze the pay differences (if any) between men and women, they have already taken a stance on which no scientific information backs their position.
So, TLDR: the sources she uses for the pay gap between men and women, are not reliable and are biased. I personally think it’s funny how people can come to conclusions without analyzing ALL of the factors and come to a conclusion that fits their narrative. It’s ridiculous, but it’s also sad.
Is Phillip going to be able to make a video by himself? No.
no, that would be sexist lol
Who is stopping him?
@@anniealexander9616 his wife lol
@@JTTechie His wife won't let him? 😅😂 If men are as weak as you claim, they can't handle being a business owner.
Reality is that people tend to do what interest them. Women are programed to care about their family's well being. That mean a lot of work for her. Men tend to be selfish and self centered. They will eat a steak at the bar without one thought of their child having supper.
@@anniealexander9616 Clearly, you've never been married to a woman 😂 #happywifehappylife
I stop watched at 0:30 when she said "Gender pay gap"
Then you should inform yourself
The gap as portrayed is more or less real, but it's useless information. You cannot draw consclusions on an average across a vast and diverse data set. When you break it down women get paid the same as men; men just, on average, have jobs in sectors that pay more, as well as some other factors, many of which circle around women's self confidence. Workplace bias is a real thing, but the effect is negligible and ever decreasing.
Earnings gap, not wage gap. Differences in lifestyle, career choice and hours put in per week are factors people with agendas conveniently leave out when describing the “wage gap”
Mightymilkshake Some people leave these out, but scientific studies usually include all these factors. Wage gap is there even in the hourly wages.
Also lifestyile and career choices are also the result of discriminatory forces, staring at very young ages when you first give matchboxes to your son and barbie to your daughter, followed by gender biased peer pressure through schools and in career.
@@juzoli studies have shown that kids choose on average stereotypical toys on their own. We see this with even other great apes. We've had a host of female empowerment for decades with a host of incentives for women to enter the male dominated fields and yet still very little change if any.
also when we account for those things the gap pretty much vanishes and can be explained with the fact men are far more likely to negotiate.
systematic101 No, studies show that babies don’t have such biases. But gender-appropriate toys are introduced them very early on, so even small kids are already biased.
There are many examples when parents raised their daughters in a more masculine manner, like father took her to fix the car together instead of cooking with mom, and they ended up gravitating towards more masculine professions, like engineering.
@@juzoli In my family kids are whenever toys are available. It's always a mix. All of us ended up playing with the toys that match our sex. My son has more girl toys than boys. He was predicted to be a girl by doctors twice so at the baby shower people brought mostly girl things. At least 95% of the time he plays with the cars, trucks, and dinosaurs. I'll try to find the study with the great apes. Also I think it's Hasbro that has the toy research centre that shows a strong bias on average regardless of age.
systematic101 Yeah, people think they can provide unbiased, equal environment, but they canNOT. Also if it is unbiased after all, and they choose totally randomly, quarter of the families will end up just like yours. That’s why we shouldn’t believe anecdotal evidences like yours. And real research have different results.
Anyway, My 6 months old couldn’t care less about the masculinity of toys. If it is colorful and has some noise, she will take it. An older toddler on the other hand has already met with other kids, TV advertisements, relatives and a whole set of input from society. Somthey are already biased.
I love your videos but I couldn't get over your mistake with the wage gap.
The wage gap is purely a number that takes into account the average income of men and that of women and doesn't consider any other variables. Time and time again studies have shown that men are less likely to take holidays and sick days and more likely to work overtime and ask for raises and promotions.
By saying you want to close the wage gap you are essentially saying that woman should be payed MORE for their time.
The wage gap DOESN'T measure men against woman in equivalent positions. It is illegal to pay someone less based on their gender.
If businesses could really pay woman less don't you think the entire workforce would be woman? Do you think they are such boys clubs that they are willing to sacrifice corporate profits to give advantages to men?
You are so right. These liberal women love to hide behind this lie. Like the lady in this video they all say "well studies show." They will never show you those studies or how those studies were conducted.
In any case, average income is a totally meaningless statistic. But excellent for those who are numerically illiterate or want to push an agenda.
"It is illegal and therefore it doesnt happen. Similar to all crimes, they dont happen because theyre illegal." What dumb logic.
@@thomasnewton8223 no one said that. We simply pointed out that the wage Gap is based on a lie.
@@billmarshall268 but there are studies that do show women in similar positions with similar experience being payed less in salaried jobs. The original commenter is writing that off by saying “it is illegal so it doesn’t happen.” Or even worse, just saying it isn’t an issue that can be fixed because it is already illegal.
My wife blows her entire paycheck on shopping while I’m responsible for 401k and mortgage payments. 5% of my income goes to shopping and 61% of hers goes to shopping.
Now that is a common reality not the bull I'm hearing in this vid...women are horrible with Money
KingCalv 10 Thanks for the validation. I thought I was taking crazy pills.
It's easy to be good with your own money when you're relying on somebody else for loan and mortgage repayments. Something this video totally ignores.
It's a shame I'm strongly considering unsubbing so quickly after I subbed. I really hope you guys don't take all of this valid criticism as misoginystic trolls and actually examine the data and how you came to your conclusions.
Stop perpetuating the Pay Gap myth. This makes you dishonest and lowers my respect for you.
"I love you content, but this made me lose respect for you"
These comments are worthless and make me lose respect for you.
@@Lycaon1765 Whine more about them being called out with facts, loser.
@@LordSlag Zero fact or substance in your comment buddy
here are some facts:
www.epi.org/publication/womens-work-and-the-gender-pay-gap-how-discrimination-societal-norms-and-other-forces-affect-womens-occupational-choices-and-their-pay/
"Gender pay gaps within occupations persist, even after accounting for years of experience, hours worked, and education.
Decisions women make about their occupation and career do not happen in a vacuum-they are also shaped by society.
The long hours required by the highest-paid occupations can make it difficult for women to succeed, since women tend to shoulder the majority of family caretaking duties.
Many professions dominated by women are low paid, and professions that have become female-dominated have become lower paid."
www.nber.org/papers/w21913.pdf
"We conclude that many of the traditional explanations continue to have salience. Although
human capital factors are now relatively unimportant in the aggregate, women’s work force interruptions
and shorter hours remain significant in high skilled occupations, possibly due to compensating differentials.
Gender differences in occupations and industries, as well as differences in gender roles and the gender
division of labor remain important, and research based on experimental evidence strongly suggests
that discrimination cannot be discounted"
@@johnpepe9850 Stop lying with propaganda sites. If companies could pay women less for the same work then companies would hire nothing but women. It's an objectively obvious reality that you a dumbass for ignoring.
@@johnpepe9850 go away trolll.
"And that's my..... OooooonNNNNEEEEEEEEEEEeeEEeEEEEE Cent!!!!" *blows brain out*
Don't forget to love each other
-Matthew Mercer
Men and women co-operate for the prosperity of the family unit, to make a point of that pay gap without exploring underlying causes and sacrifices each party of the family unit contributes is misleading.
40 % entrepreneur
20% less money
Somebody doesn't have skills
The ending of this was dumb. Can't even let the guy say "our"?The guy is your husband ffs. What the hell is wrong with us?
We should be working towards some kind of balance instead post feminist want a literal matriarchy as revenge for centuries of patriarchy current men weren't even alive for. What a nightmare time we live in.
You don't get to decide their dynamic
The math used to show the supposed wage gap is faulty. Women tend to choose jobs that pay less. In reality women that work in the same career field in the same way (total hours, no maternity leave, no extended leaves of absence, etc) are paid slightly higher than their male counterparts. The equation used to show a pay gap takes women and men and divides the mean salary by the number of men to women without factoring in real time.
no shit