X

This is not a paywall.

Register for free to continue reading.

We made a promise to you that we’ll never erect a paywall and we intend to keep that promise. We also want to continually improve your reading experience and you can help us do that by registering with us. It’s quick, easy and will cost you nothing.



Nearly there! Create a password to finish up registering with us:


Please enter your password or get a login link if you’ve forgotten


Open Sesame! Thanks for registering.

Ramaphosa's energy plan Webinar banner

We'd like our readers to start paying for Daily Maverick

More specifically, we'd like those who can afford to pay to start paying. What it comes down to is whether or not you value Daily Maverick. Think of us in terms of your daily cappuccino from your favourite coffee shop. It costs around R35. That’s R1,050 per month on frothy milk. Don’t get us wrong, we’re almost exclusively fuelled by coffee. BUT maybe R200 of that R1,050 could go to the journalism that’s fighting for the country?

We don’t dictate how much we’d like our readers to contribute. After all, how much you value our work is subjective (and frankly, every amount helps). At R200, you get it back in Uber Eats and ride vouchers every month, but that’s just a suggestion. A little less than a week’s worth of cappuccinos.

We can't survive on hope and our own determination. Our country is going to be considerably worse off if we don’t have a strong, sustainable news media. If you’re rejigging your budgets, and it comes to choosing between frothy milk and Daily Maverick, we hope you might reconsider that cappuccino.

We need your help. And we’re not ashamed to ask for it.

Our mission is to Defend Truth. Join Maverick Insider.

Support Daily Maverick→
Payment options

Australia’s gender pay gap problem worst in peak earn...

Business Maverick

Business Maverick

Australia’s gender pay gap problem worst in peak earning years

Pedestrians climb a flight of steps at Martin Place in the central business district in Sydney, Australia, on Friday, Jan. 11, 2019. Australian consumer confidence slumped the most in more than three years, amid pessimism over falling property prices and economic growth, after the nation's dollar tumbled to the weakest in almost 10 years at the beginning of the month.
By Bloomberg
27 Jun 2022 0

The pay gap between men and women is widest between the ages of 45 and 64, according to a new report.

Men in Australia out-earn women at every stage of their working life, with the pay gap the most pronounced at the peak of their careers, Workplace Gender Equality Agency data show. 

The gap is widest between the ages of 45 and 64, where men earn more than 30% extra per year, or more than A$40,000 ($27,740), on average, according to a new WGEA report

Economic opportunity for women is one of the big issues facing Australia’s newly elected Labour government, with the country home to one of the world’s biggest gender pay gaps. 

Australia was No. 15 on the World Economic Forum’s global gender gap index in 2006 but dropped to 50th place in 2021. It’s fallen from 12th to 70th in terms of economic participation and opportunity for women in the same period, despite last year ranking joint first place for educational attainment. 

The pay problem is accentuated by the fact that in every age group, no more than 50% of women were in full-time work in 2021, yet more than 90% of managers are working full-time. This means women are missing out on management roles, according to the report. Men over the age of 55 are twice as likely as women to be in management positions. 

In the 55-plus age group, women hold about 28% of CEO and senior executive roles, according to WGEA. They are paid on average A$93,000 less than their male peers. In the 45-55 age group, the average gap is A$81,000.

An unapologetic old boys’ network is costing Australia billions

Policies that focus on equal access to workplace support for men and women are important for correcting the gap, WGEA director Mary Wooldridge said in a statement. These include gender-neutral parental leave policies, childcare subsidies support, and flexible work policies. Workplaces must also enable career progression for part-time workers, she added. 

Millennial women currently working will take home just 70% of men’s earnings by the time they reach 45, if current trends continue, according to the WGA. BM

 

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet

Please peer review 3 community comments before your comment can be posted