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Gender pay gap 'widens as women get older'

The difference between what men and women get paid widens as women get older, new research shows. The Office for National Statistics found pay differences were smaller at younger ages, but increased from 40 onwards, reaching a peak between 50 and 59.It also found the gender pay gap was entirely in favour of men in every occupation.Labour said the government was failing to tackle pay discrepancies.The ONS said the increased pay gap for older women could be explained by taking time out, possibly to have children.It added: “When we modelled the factors that influence pay, the results showed that both men’s and women’s pay grow for most of their lives. “Overall, women’s pay grows less than men’s and also stops growing earlier than men’s pay. This applies to both the private and public sectors.”Mind the gender pay gapWhat is the gender pay gap like where you are?According to the agency, men’s pay increased by 10.4% to an average rate of £14.48 an hour between 2011 and 2017.That compared with a 12% rise for women to £13.16.On average, men were paid £1.32 an hour more than women last year, a gap of 9.1%, according to the ONS. It found occupations with the smallest pay gap have almost equal employment levels between men and women.Almost three in employees in the highest paid occupations, such as chief executives, were men, the ONS added.Dawn Butler, shadow minister for women and equalities, said the figures made it clear that urgent action was needed.”There is still a lot of progress to be made in terms of gender equality and achieving equal pay is one of them,” she said.
Source: BBC News

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My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

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