The above is an example of a snake oil con artist posing as an economics theoretician.
What he says sounds rational and valid. But critical details are missing which make his ideological talking points
1) Having workers submit to lower wages is not an economic cost but a savings. This is not mitigated
by the exaggerated claim that only men will be hired if women are paid the same for the same job. Employers
depend on work applicants. Not all jobs will have an excess of male applicants to pick over the women.
Men do not want to work as secretaries for example. And women are not too keen on physically strenuous work.
Employers can use the lower wage accepted by women to put downward pressure on the wages for men.
Friedman assumes from thin air that there is some sort of rational wage for any job. History demonstrates
the opposite. Workers were paid next to nothing and worked 12 hour days with no vacations back in the
late 1800s. Every employer wants to minimize wages and will use any tactic to achieve this. So giving
women equal pay for equal work actually keeps the wages higher. That is true even if men are selectively
2) Friedman worships the magical free market of no rules and survival of the fittest. His assumption of
fair play in such a system is moronic. Fair play costs more. It is always easier to cheat and to abuse
workers with low wages and no benefits. This is why workers organized unions and took collective action
to establish fairer wages for themselves. This is now forgotten, including by the fake PC left. He and
his ilk can pull all sorts of excuses, but laissez-faire results in mafia oligarchies. The USA gilded era was
exactly that. The US tycoons may have been more legit than the Russian crooks of the 1990s, but that did
not make working as their low wage slave any easier. Friedman and his ilk cannot use the fairness fought
for by real socialist workers' movements as evidence of intrinsic laissez-faire self-regulation. If everyone
abided by the ideology of lassize-faire, workers would still be making cents an hour and living in corporate
run traps where their shelter and food was all provided by their employer. A perfect feudal system.