Gender as a cause of Wealth Inequality


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Gender as a cause of Wealth Inequality

  1. 1. What we will cover:- Evidence of gender inequalities - Reasons why these inequalities exist
  2. 2. 22% MPs are women 33% MSPs are women Women earnaround 80% of a Women currently spend males salary 2x as much time on housework and childcare as menMore girls than boys achieve 5or more Highers 11% of FTSE 100 and 1st class Female directorships are degrees graduates earn held by women 15% less than their male counterparts
  3. 3. WHY? Women earn, on average, less than men Women are 14% more likely than men to live in households with low incomes Most lone parents are women Most pensioners are women Women have a traditional role as the carer Women are more dependant upon benefits Women experience a ‘glass ceiling’ when it comes to career progression.
  4. 4. Low Pay and Gender• Women far more likely to be in low paid jobs than men.• Role as carer prevents them from perusing a career and often leads to part time and low paid work.• The average income for a women is around £75 per week less than a man.• The lowest paid sector ‘Public Sector’ (sales, health care, hotel and restaurant work, cleaning) comprises of 80% women. 5 C’s.
  5. 5. The rate ofnarrowing of the gender pay gappredicts that it will takeover 50 years for female pay to beequal to male.
  6. 6. •Term used to describe an ‘invisible’barrier that prevents women fromrising the top of their chosencareer.•Has been progress but women arestill poorly represented at the toplevels of management and decisionmaking in the UK (3%executivedirectors, 7% high court judges) .•Women are concentrated inparticular areas of the workforce(79% of admin and secretarial jobsare done by women) which tend tobe low paid.
  7. 7.  Career breaks mean that women may lose ground that is hard to make up. On return, skills may be outdated and they may have missed valuable experience that male colleagues may have gained. Alongside this, women may be discriminated against as men dominate the higher ranks of employment. Few role models. Negative idea of women in control?
  8. 8. Sex and Power Report (2011) – Charts women’s progress in top jobs inpublic and private sectors. While women makeprogress in some sectors, that progress regularlystalls or even reverses in others.
  9. 9. Have things improved?
  10. 10. Its not all bad news…• Flexible working hours are allowing more women to remain working after having children.• More women attending further and higher education.• Gender pay gap has narrowed and many women in powerful positions. Eilish Angiolini, the Lord Advocate for Scotland. Norma Graham, Scotlands first female Chief Susan Rice, Chief Constable. Executive of Lloyds TSB Scotland