The GFC and the pay gap: We just read author Anne Summers’ June 2010 speech to Our Community (many thanks to Leanne O’Donnell for forwarding it). In it Anne discusses the GFC, or Gender Fairness Crisis;
There is a million dollar penalty to being a woman. Recent research shows that if current earning patterns continue, the average 25-year-old male starting work today would earn $2.4 million over the next 40 years while the average 25 year old female would earn $1.5 million. Over a lifetime of working, a woman will earn almost one million dollars less than a man. How fair is that? Read the rest of this entry »