Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Red Thursday for Women

BPW NZ Media Release: Red Thursday for Women

For immediate release

The New Zealand Federation of Business and Professional Women (BPW NZ) announces that due to the widening of the gender pay gap, Equal Pay Day has increased by a further three days, now the 21st February.

Statistics provided by the StatisticsNZ Quarterly Employment Survey show that the average hourly wage for men is $29.09, while women earn only $25.15 per hour, a difference of nearly 12%. Equal Pay Day is calculated using these figures.

Women are required to work almost two months to achieve parity with their male counterparts.

“This increase is clearly disappointing to us as we had hoped that we would see an Equal Pay Day closer to the start of the year, not to have seen it grown,” says Carolyn Savage President BPW NZ.

“Are women not worth the investment? We say they are, and our economy needs it.

“The biggest consumer decision-makers are women and if paid equally women would have the capacity to spend or save another $3.94 per hour.

“It does not take a financial genius to note that an increase in the purchasing power of women would lead to benefits and an overall increase in GDP.

“Both the Government and business sectors need to take heed of this and follow the logic of the Goldman Sachs research that showed a reduction in the gender pay gap would lead to an increase in GDP.

“Men had a higher percentage increase in income in the year ending December 2012 than women. The data shows the reality, this is a very real issue.

“This theft of the potential financial growth of NZ has to stop,” says Mrs Savage.

“It is time to make a stand, to be leaders and implement change for the future financial growth of the New Zealand economy by reducing the gender pay gap.

“We need to see women out of the red,” says President Carolyn Savage

For further information or to schedule an interview please contact:

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news