Another Blow to the Chin? Government V Market

It seems that once again members of our hard working congress sees it fit to apply one more half baked idea into the Market Sector. The September 14^th “paycheck fairness” bill intends to make it easier for women who feel that they are receiving less pay due to sexual discrimination to file class-action, punitive-damages suits against employers they accuse of sex-based pay discrimination. This sounds great and President Obama even referred to it as “a common sense bill”, but this bill ignores all the research that shows that discrimination is not a big factor in pay disparity. It’s a bill that can easily lead to large legal expenses for businesses in an already shaky economy. Luckily though this bill hasn’t made it to the mass audience and picked up and ran with, so we might have dodged another bullet from congress for now.