Thursday, January 29, 2009

Obama and Congress make hiring a liability

The Lilly Ledbetter Fair Pay Act will have the effect of depressing wages and employment. Making today's HR choices a long term liability will make employers hiring shy. Or more precisely, more shy than they already are.

And this in an environment in which unemployment is higher among men than women. In which pay is as high or higher for women for the same work. And in which women graduate from college more than men.

If the economy were strong, this would be merely misguided. But in a down economy (and unemployment is a lagging phenomenon, so will recover after the recovery is in effect) doing anything to make hiring less attractive is bad medicine.

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