It pays to have women at the top


I want to share an article I read today, as its a favorite and today is International Womans Day.  It is useful because it shows, for your consideration, the categories where we observe pay and wealth inequity between men and women.  This inequity need not persist. Governments, businesses and individuals need to be willing to address this issue.  The data here shows that women are undervalued at all stages of their working life.

The wage gap

““wage gap” is a deceptively simple term for the complex differences that persist between male and female workers in our big, gendered economy. The figure is really a snapshot of how women are undervalued across the workforce: It speaks to an

  • occupational segregation gap, certain occupations are more segregated than others
  • a negotiation gap, men generally negotiate better
  • a promotion gap, traditionally men’s careers are linear
  • a self-promotion gap, men’s egos make them more likely to promote their own behaviour even when they are not qualified for a role.  I call it delusional self, women are generally more self aware and hence less boastful
  • a mentorship gap, men get more mentorship support than women
  • a parenting gap, women are still predominantly careers for the family
  • a STEM gap, Science, technology, engineering and mathematics...another blog in the making here, but you get the drift for now.
  • a political representation gap, less political female voice- the recent lack of women in the press gallery had interesting ramifications, as to how the sexism in parliament gap was played out in the media due to the lack of women in the press gallery- but that’s a topic for another blog..
  • an overt discrimination gap.  I guess this is just how we view women still- and today’s video is a case in point.  Hot off the press.

And still: Part of the wage gap remains unexplained. We do not know exactly why women are paid less.”

The wealth gap

“And the pay gap only tells part of the story about women’s economic challenges. The pay gap is bad, but the wealth gap is dire. Women aged 18 to 64 have only 36 percent the wealth—assets minus debts—that men their age do. And women’s individual efforts to close the pay gap can exacerbate it. When a woman secures a PhD, she can finally make as much money in her lifetime as a man with a Bachelor’s degree. But that investment comes at a significant cost: That new AAUW study shows that women are making less money straight out of college, and they’re sinking a higher percentage of their income into college loan debt.”  So they are educated more than men and still being paid less. 

Todays video helps to lighten the mood of a very serious topic.

Image courtesy of FreeDigitalthekeyPhotos.net