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Women Are 40 Percent of Workforce, But Just 1 Percent of Wealth

Women Are 40 Percent of Workforce, But Just 1 Percent of Wealth

 

The numbers are dismal for women around the globe — despite being a nearly equal part of the workforce, they still hold only one percent of the world’s wealth. It isn’t so much a matter of lack of education. After all, women account for half of the world’s university students and are the majority of students in many countries’ colleges and secondary schools.

But the pay gap that we see in America is even more extreme around the world, especially as you look into less developed countries. According to the Wall Street Journal, “Salaried women workers earn 62 cents for every $1 that men earn in Germany, 64 cents in India and about 80 cents in Mexico and Egypt. Women entrepreneurs fare far worse, earning 34 cents for every $1 men earn in Ethiopia and just 12 cents in Bangladesh relative to every $1 for men.”

One reason for the disparity is likely the number of women who hold menial or domestic jobs versus the number of men who hold the same, as well as the dismal entrepreneurial numbers mentioned above. Men hire men, and in order to get more women into higher level and higher paying jobs, it requires more women in positions to make those employee decisions.

But the most dire part of women holding so little of the world’s wealth is that women will be far more likely to be raising families alone then their male counterparts, leaving more and more of the world’s children in poverty. As Ms. Magazine writes, even in the United States, “[T]he poverty rate for women grew from 13.9 percent in 2009 to 14.5 percent in 2010 . Its even higher for women of color: One in 4 black and Latina women lived in poverty in 2010.” According to the data in their infographic, more than half of the U.S.’s poor children live in families headed by women.

Helping women achieve more and earn more isn’t just the fair thing to do, it’s actually a global crisis to do otherwise.

 

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Photo credit: Flinga, on wikimedia commons

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23 comments

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2:41PM PDT on Sep 25, 2011

Why am I not surprised when we live in a world that is, for the most part, governed by the male of the species? Perhaps that fact is the main reason why this world is in the sorry state it is!

2:02AM PDT on Sep 25, 2011

In england there are more male politicians who went to one particular school (Eton) pthan there are women in the government!
But I suspect that the statistic of one percent is wrong. Women live longer than men and inherit more than that.

7:41PM PDT on Sep 24, 2011

Don't be too upset. After all, it's not really true. Apparently, Robin herself is the person who started this rumor back in 1984, and there is no real research to support it. (See http://familyinequality.wordpress.com/2011/03/15/stop-that-feminist-viral-statistic-meme/) Really, people, just use a little logic here. Women own the majority of the wealth in the United States, and the United States represents a huge chunk of the world economy. So, American women ALONE own far, far more than 1% of the world's wealth. Stop believing everything you read in Care2.

6:00AM PDT on Sep 24, 2011

It is terrible in this day and age that anyone is paid more than someone else with the same qualifications. I hate it when some men feel that a woman should stay at home and then when they do they complain about them collecting welfare. I really think that age sex and race should be removed from applications until after the person is hired. In this day and age we are in it together!!

10:45PM PDT on Sep 21, 2011

Women tend to work in the Nurturing fields of NURSING and TEACHING. Traditionally all the "mothering " skills weren't PAID FOR .Women "did" these things BECAUSE they were "GOOD".Think Mother Theresa. We MUST show How important these skills ARE AND how much the Community NEEDS them.UNIONIZE and REFUSE to work for less than we're worth.
Women need to VALUE THEMSELVES!

8:31PM PDT on Sep 21, 2011

Facts speak for themselves.

7:57PM PDT on Sep 21, 2011

'A group of women in a violence-plagued area of the Philippines came up with their own weapon to end the fighting: a sex strike.'

There you have it; the solution to all our problems! No more glass ceilings. Equality all round. World peace. Almost instant Nirvana! Why didn't we think of this before?

6:51PM PDT on Sep 21, 2011

There should be a country which is just for women of all races and colours. No men allowed, just boys under 13 and girls of any age. That country would be a success story.

3:31PM PDT on Sep 21, 2011

Feminism spoke of treating men, women, people of color, sexual orientation, treating all of us with respect, dignity, and equality. It was villified.

I am a proud feminist, a proud WICCAn, a proud grandmother, and that underpaying women continues to this day is as appalling as the other injustices we see.

May we all be kinder to ourselves and to each other.

2:28PM PDT on Sep 21, 2011

My generation marched and protested and made SOME changes but I'm wondering how to make MORE changes in this economy?!! Certainly statistics show the deck stacked against us and the outcry shows we want change, but I'd like to see a workable plan as to how to accomplish this.

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