How every company in America can save 23% on wages
From the comments section:
http://www.bls.gov/cps/cpsaat39.pdf"
"That's not a study, that's raw wage data--the very data that the misleading 77% number came from. It doesn't control for hours, experience, tenure, etc, etc. I literally just debunked this source in my video."
= new reply since forum marked as read
the gender based wage gap disappears. If women were getting paid less than men then women would be the overwhelming majority of the work force. The .66-84 cent per dollar difference between men and women is based on who's numbers you're using (Google wage disparity by gender to see the statistics). He did some research and found out that the numbers were all based on raw data of all the annual salaries from men and women and does not take into account the four factors mentioned in the title.
Its like comparing the salary of an elementary school teacher and a petroleum engineer and then making the case that women are underpaid. The data itself is useless yet its what's being used to perpetuate that women are being paid less than men.
A study by the Department of Labor
shows that once those variables are taken into consideration the gap shrinks to about .93-.95 cents for every dollar a man makes. The wage gap is 7% (using the higher number). There is a wage gap, but its not as high as some sources claim it is (23% to 34% depending on who's numbers you're using). Even the American Association of University for Women study concurs with the Department of Labor study, though they make a statement that 1/3 of the pay gap cannot be explained (which sounds like there is a 33% pay gap). What they're actually saying is that 1/3 of 23% cannot be explained, which is a funny way of saying 7%.
There is still a wage gap between women and men, but what's the cause? Laws can't be the culprit since there is the equal pay act of 1963, the education amendments act of 1972, the fair pay act of 2009, and the paycheck fairness act of 2014 (which was written largely because of the over inflated numbers discussed earlier). Discrimination is a culprit, but he also states that men on average will ask for higher pay and promotions than women. The Stockhol school of economics states that 28% of women asked for a higher wage compared to 48% of men. A Carnegie Mellon professor conducted a similar experiment and found that 83% of men negotiated higher pay than 53% of women. You can find the links to the studies here and here.
Women also have a higher job satisfaction rate than men despite the perceived wage gap. According to the New York Times men who are unsatisfied with their jobs earn as much as a woman who are satisfied with their jobs. One possibility that is not explored is that women often take jobs that help society as a whole than men do. Another possibility is that there are groups spreading that misinformation. They are causing women to get lower pay, which causes higher job satisfaction (I'm a woman and making as much as Larry).
For the record he hired two women illustrators that were paid as much as the men. 
Too bad that the 77% wage figure is a myth because he would have loved to put those savings in his pocket.
He then ends the video showing the net worth of some of the women in Congress. Hope this helps. Used his sources.
Its not something that can be summarized so easily. 
