Australian women have fought for the right to equal pay since the early 1900’s. In 1948, the value of equal pay for equal work was acknowledged in the Universal Declaration of Human rights1. The gender pay gap is the difference between the average of men and women’s’ earnings, displayed as a percentage of male earnings1. The pay gap between genders is currently at 17.5%2. This is despite the small fluxes over time, this has not changed in 20 years, the gender pay gap was small in 1994 at the rate of 15.9%.
In 1969, Australian women workers were granted equal pay. Today, it is extremely rare, but still not overlooked, for women to be paid at a lover base wage than men doing the same jobs. The pay gap between genders is currently at 17.5%3. …show more content…
The under-valuation of women’s skill-set is a reflection on the Australian history of development of women’s work and society’s expectations over both genders
In today’s business, federal industrial legislation (the Workplace Relations Act 1996)1 contains extremely solid provisions involving employers providing equal salary for work of equal value for men and women. Gender equality is a matter of fairness and equity in individual and social aspects. Those doing the same work should not be defined by their gender.
In closing the gender pay gap, it will also increase the Australian economy.
• Reducing the gender pay gap by 1%, from 17% to 16%, Australia’s Gross Domestic Product (GDP) would increase by 0.5%4
• Introducing flexible work places could reduce the gap and increase GDP by 9%5. Due to making it possible for women to spend less time doing volunteer/non paid work.
• Australia’s annual GDP would increase in $56 Billion or 5% if the pay gap was eliminated immediately. • The gender pay gap of 17% costs the Australain economy $93billion/8.5% of GDP.
In 1969, Australian women workers were granted equal pay. Today, it is extremely rare, but still not overlooked, for women to be paid at a lover base wage than men doing the same jobs. The pay gap between genders is currently at 17.5%3. …show more content…
The under-valuation of women’s skill-set is a reflection on the Australian history of development of women’s work and society’s expectations over both genders
In today’s business, federal industrial legislation (the Workplace Relations Act 1996)1 contains extremely solid provisions involving employers providing equal salary for work of equal value for men and women. Gender equality is a matter of fairness and equity in individual and social aspects. Those doing the same work should not be defined by their gender.
In closing the gender pay gap, it will also increase the Australian economy.
• Reducing the gender pay gap by 1%, from 17% to 16%, Australia’s Gross Domestic Product (GDP) would increase by 0.5%4
• Introducing flexible work places could reduce the gap and increase GDP by 9%5. Due to making it possible for women to spend less time doing volunteer/non paid work.
• Australia’s annual GDP would increase in $56 Billion or 5% if the pay gap was eliminated immediately. • The gender pay gap of 17% costs the Australain economy $93billion/8.5% of GDP.