Gender inequality in career earnings is not a thing of the past for Australians…
(updated September 2015)
The media in Australia often points out that women’s salaries lag behind men’s salaries and gender inequality is on the rise.
For some people, these recurring stories are surprising—because many of us assume that gender inequality has already been overcome in Australia. That might be true in some respects, but not where income is concerned.
The fact is, the gap between men’s and women’s incomes is widening
Looking at ATO data on income, our people noticed an interesting way to visualise the annual income discrepancy between women and men…
Some of our team members (they’re professional tax accountants) say they’re gobsmacked to see that the gender pay gap remains so high.
What’s more surprising—the gender gap in salaries is actually getting bigger.
The presence of Australia’s own Workplace Gender Equality Agency (WGEA) does not seem to be turning things around. The Agency itself comments that,
…women continue to earn less than men, are less likely to advance their careers as far as men, and are more likely to spend their final years in poverty.”
That statement is backed up by figures released by the Australian Bureau of Statistics. In fact, late last year the ABC reported that the pay gap between men and women is now higher than it was twenty years ago, and discussed startling WGEA calculations that show,
it takes 64 extra days of work [per year] for the average woman to equal what a man earns…”
Many employers seem to think this phenomenon can’t exist in their own businesses. Ultimately, the factors that influence the gender pay gap are complex and employers might not realise when they are guilty of advancing the problem.
Recent media coverage of gender inequality and the wage gap
- Newcastle Herald – “Gender Inequality Still Alive” (June 2015)
- Canberra Times – “Lieutenant-General David Morrison urges men to open their eyes to gender inequality” (May 2015)
- Business Insider Australia “Why Reddit and other companies don’t let job candidates negotiate their salaries” (May 2015)
- The New Daily – “Nicki Minaj: how women can make more money” (June 2015)
- Elle Magazine – “Saving for a daughter but not a son…” (Sept 2015 – a US article but relevant in Australia, with an interesting concept about 2/3 of the way down the article.)
Our earlier infographic about gender inequality
What do you think about gender inequality?
- How do gender income gaps affect you and your family?
- Do you think women are getting a fair go?
Feel free to chat about this topic over on the Etax Facebook wall…