Abstract
Most economists believe the free market results in wage rates that are efficient and fair. Consequently, they oppose comparable worth proposals, which would require wage rates different from those the market has ordained. These views derive from economic models that ignore or deny the importance of social and psychological factors that lead to discrimination against women, and hence to a market that produces an unfair and distorted result. Comparable worth reforms would produce wage rates closer to those dictated by a nondiscriminatory market in which human capital is the main determinant of wages. Thus comparable worth could well improve the labor market rather than distort it. The experience of Australia suggests that predictions of widespread dislocations would prove false.
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