Is there a gender pay gap?

Women are now effectively working for nothing until end of year

The Spectator

The gender pay gap is largely a myth | Coffee House

The Fawcett Society would have you believe, as part of its Equal Pay Day campaign, that today is the day "women effectively stop earning relative to men", highlighting the gender pay gap, which they place at 14.1 per cent for full-time workers.

If that number seems high to you, or not reflective of your working environment, that is because this 14.1 per cent can only be achieved by including outlier salaries that skew the figure towards high earners.

Read Full Article
Download Perspecs

Women are effectively working for free, compared to men, for the rest of the year

For the rest of the year, women are effectively working for free. Although they perform the same jobs, and to the same - if not better - standards, the gender pay gap means that female workers, from November 10, on an average wage have stopped being paid relative to their male counterparts. For some parts of the UK, the BBC notes, the "gender pay gap is so wide, it is as though women work unpaid from September".

If you are a woman, the Evening Standard reports, you should have left your workplace at 2:38pm last Friday on the dot. Women are only paid around 76 to 80 per cent of what men make, and this date/time is when they stop earning compared to men.

However, the existence of the gender pay gap is disputed with 70 per cent of adults from seven countries, including the UK, Canada, US, France, Germany, The Netherlands and Switzerland, believing that men and women are paid equally for equal work. It is, unfortunately, a real thing, wherever you go in the world. According to the World Economic Forum, there is no country in the world where women make as much as men for doing the same work.

By acknowledging there is something wrong, by marking Equal Pay Day on November 10, it does not mean it is an event of achievement, according to Metro. They note that the gender pay gap is, in fact, getting worse - not better. The gap is widening for some women, going backwards rather than forwards, and it will now take 100 years to close it.

This figure comes from the Fawcett Society, a campaign group for gender equality and women's rights, which found that if the average pay gap for full time workers of 14.1 per cent closes at the rate it has over the last five years, it won't reach zero until 2117.

The Independent lists five statistics that "sum up how much progress still needs to be made". First and foremost, the full-time median gender pay gap in the UK, based on hourly earnings, currently stands at 9.1 per cent. While this may be a drop of 0.3 percentage points since last year, the progress has been "sluggish" and it is still decades away from being closed.

Britain falls behind other nations - 52 in total - when it comes to economic participation and opportunity, with the "gaping divide in unpaid work between the sexes" resulting in the poor score by the World Economic Forum (WEF). The report by the organisation showed that 57 per cent of all work that women in the UK do is unpaid, compared to 32 per cent for men. It also revealed that the monthly earnings from women were just 66 per cent of men’s - putting the UK in 95th spot overall for estimated earned income.

Women are effectively working for free for the rest of 2017 - and this gender pay gap may be worsening. This gap in wage is not working for female workers, but will this attitude change?

Download Perspecs
Download Perspecs