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During my talk today, I will be discussing the Gender pay gaps, which are I will and comparing international gender pay gaps is problematic due to differences in sources, definitions, and methods used to calculate the gender pay gap in different countries. The economic value of wages in Australia shows that the national gender pay gap is 13.9% in favor of men. With women earning only $1508 per week and men earning $1751 per week.
Gender pay gaps in favor of men are a common feature in economies around the world. The representation of men as being worth more than women is not true or accurate. This results in women being undervalued in Australian society. Supporting female workers to achieve the same wages compared with men is crucial for reducing the gender pay gap.
From the past to the present, there appears to be a misconception in the Australian culture that men are more important than women in the workforce hence they should be rewarded with a higher pay rate. Australian men see themselves as a crucial asset to their country and capable of building and engineering feats that create high value in companies such as SpaceX and Tesla. Tesla is owned by male CEOs- Elon Musk and Bill Gates. Furthermore, there is a belief that men are lifesavers who often earn the most money out of all of the income earners in the family.
Cultural values and beliefs will need to change to enable women to earn the same amount as men in the same job and hence improve gender pay rates. The Fortune 500 companies regularly discuss how companies can improve gender pay rates. Out of the 500 companies, there are only 33 female CEOs which means that there are 467 more male CEOs. Similar cultural beliefs are also seen as many sports fans argue that women’s sports are less interactive or entertaining compared to men’s sports and hence women’s sports compared with men’s sports are rarely broadcasted in the media.
Therefore, it appears the media are making sports fans believe that women’s sports are less desirable by giving them fewer media coverage. These cultural beliefs have also resulted in an uncontrolled gender pay gap, which takes the ratio of median earnings of all women to all men Has decreased by $0.05 since 2015. However, women have been reported to make only $0.79 for every dollar men make in 2019. Both men and women can be effective in each working in a variety of industries and hopefully in the future will forcibly see a change on how society should perceive gender pay gaps.
Gender pay equity is about ensuring that both women and men are paid fairly for the work they perform. Equal pay is not just about equal wages. Equal pay considers discretionary pay, allowances, performance payments, merit payments, bonus payments, and superannuation. Addressing the issue of gender pay inequity involves understanding where pay disparities may exist in your workplace and giving regard to it. The pay which is given to both men and females has turned into who has the better qualification but are still working in the same job title.
The men’s team, the Caltex Socceroos, and the women’s team, the Westfield Matildas, will receive equal shares of total player revenue as part of a four-year deal between the Football Federation Australia and the union called Professional Footballers Australia. Whilst many countries including Australia, struggle to reduce the gender pay there is now evidence from Sporting teams such as soccer, to show that some associations and Federations have created a deal for both the men’s and women’s teams to now have equal pay and conditions.
Our changing society will ensure that equal gender pay rates will slowly start to happen throughout many countries. Workers want to see is that companies that aren’t paying the full and equal amount that the worker follow stricter rules around working conditions and entitlements. When workers receive less pay, their spending power is limited. When people have fair pay, they are more likely to pass this gain onto the economy, stimulating economic growth. Modern women are increasingly becoming the breadwinners of their families. Families with one earner are particularly hurt by the wage gap, making it difficult to support a family on their own.
The U.S Female Soccer team is trying to fight for equal pay since winning this summer’s World Cup. But the battle between U.S. Soccer and FIFA started well before fans broke out in chants of ‘Equal pay!’ at the team’s ticker-tape parade in New York City in July. The law governing industrial relations/ worker rights must be in strengthened to reduce the discrimination of gender- if men and women are to receive equal gender pay rates.
Gender representation as explained through gender pay rates should be shown equally the same for both men and women. Jobs in any industry have gender pay gaps which measure the difference between the average earnings of women and men in the workforce. It is not the difference between two people being paid differently for work of the same or comparable value, which is unlawful. Both men and women can be effective in each working a variety of industries including professional sports as exampled by the Matildas soccer team and in the future, there need significant changes as to how society should perceive gender pay gaps. The law governing industrial relations/ worker rights must be in strengthened to reduce the discrimination of gender- if men and women are to receive equal gender pay rates.
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