Happy International Womens Day everyone.
In Australia (where I am) we have a female Govenor General (the highest office in the country)and a female Prime Minister (the second highest ofice in the country) but we still don't have pay equity.
This from the Australian Government's Equal Opportunity for Women in the Workforce Agency -
The principle of Equal Pay was established in the 1969 and 1972 Australian Federal equal pay cases, yet equality in men's and women's wages is still far from being achieved.
The gender pay gap is measured as the difference between male and female earnings expressed as a percentage of male earnings.1
ABS statistics released in November 2010 show that across Australia, women's average full-time weekly earnings are now 16.9% less than men’s.2 This is only slightly lower than the 17.3% gap for the previous quarter (statistics released in August). Women's earnings have remained between 80-85% of men's since 1980.
When part-time and casual work is taken into consideration, the total earnings gap between men and women is 35.3%.3
If current earning patterns continue, the average 25 year old male would earn $2.4 million over the next 40 years while the average 25 year old female would earn $1.5 million.4
The gender pay gap has a significant impact on women's lifetime earnings. Women are two and half times more likely to live in poverty in their old age than men, and by 2019 - on average - women will have half the amount of superannuation that men have.5
A large component of the gap in earnings remains "unexplained". Some of the key causes of the gender pay gap include:
* The segregated types of work that women do
* The low value placed on the work women do
* The unequal distribution of overtime, discretionary pay and allowances; and promotional opportunities
* The impact of caring responsibilities on women's patterns of work
* The lack of investment in women through training and development
* Stereotypical views about women's abilities and roles
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1 OECD, Family database: Definitions and methodology, available at;
www.oecd.org/dataoecd/29/63/38752746.pdf2 ABS, Category 6302.0, Average Weekly Earnings, available at;
www.abs.gov.au/ausstats/abs@.nsf/mf/6302.03 Ibid
4 AMP NATSEM (2009), ‘She works hard for the money: Australian women and the gender divide,” Income and Wealth Report, Issue 22
5 Ibid