New Trades Union Congress (TUC) analysis reveals Women’s Pay Day – the day when the average woman stops working for free compared to the average man – is today, Wednesday 21 February. In some industries and in some parts of the country where the gender pay gap is wider, women effectively work for free for even longer
Women’s Pay Day: 52 days of working for free
New TUC analysis published on 21 February reveals that the average woman effectively works for free for nearly two months of the year compared to the average man. This is because the gender pay gap for all employees currently stands at 14.3%.
This pay gap means that working women must wait 52 days – nearly two months – before they stop working for free on Women’s Pay Day today.
And the analysis also shows that at current rates of progress, it will take 20 years – until 2044 – to close the gender pay gap.
read more: https://www.thecanary.co/uk/analysis/2024/02/21/womens-pay-day/
Yes. The 2023 Nobel Prize in Economics was given to Claudia Goldin for her research into the gender pay gap. Here’s a great breakdown of her research and findings. The tl;dw is that in every country men have an employment rate higher than women. The worldwide average is 80% for men and 50% for women. This is why women make less than men. There are a variety of reasons for that, but the biggest seems to be that women get pregnant and necessarily need to take time off work because of it. Goldin’s suggestion was that women’s employment rates could increase if workplaces allowed for more flexible schedules or work from home.