Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Finance

From today, women in the EU symbolically work for free as gender pay gap persists

Women across the EU symbolically begin “working for free” from today, as the bloc marks the point in the calendar when pay inequality means women, on average, stop earning relative to men.

With the EU gender pay gap standing at 12%, 22 November represents the date after which women’s work is, in effect, unpaid compared with their male colleagues.

The European Commission used the occasion to warn that progress on closing the gap remains painfully slow and could take decades at the current pace. Leaders said the issue is not only a matter of fairness but one that undermines economic growth, entrenches poverty and limits the EU’s talent pipeline.

Despite legal protections and growing public awareness, the Commission said women continue to face a complex mix of structural, social and discriminatory barriers that depress wages and limit career opportunities. These include job segregation, motherhood penalties, pay discrimination, cultural expectations and unequal responsibility for unpaid care work.

Officials pointed to persistent gender stereotyping that begins in childhood — with girls more often praised for appearance than ability, and encouraged toward caring professions that are undervalued and lower paid. Around 24% of the gender pay gap is estimated to stem from this occupational segregation.

A fictional case study, widely shared by the Commission, illustrates how two equally qualified graduates can quickly diverge in pay and seniority. While “Alex” negotiates confidently, ascends quickly and benefits from workplace mentorship, “Maria” accepts a lower starting salary, takes maternity leave, shifts to part-time hours and shoulders unpaid domestic care — setbacks that compound across a lifetime.

Commission leaders warned this story reflects the lived experience of millions of women across the EU’s labour market.

Executive Vice-President Mînzatu and Commissioner Lahbib reaffirmed the EU’s commitment to building a “Union of Equality”, arguing that economic resilience requires unlocking women’s full potential. They highlighted recent legislation on equal pay, work–life balance, gender balance on corporate boards and pay transparency, designed to dismantle barriers and expose unjustified pay disparities.

The Commission said closing the pay gap would deliver widespread benefits, including higher GDP, greater tax revenues, reduced poverty, a larger skilled workforce and more competitive companies. It also warned that younger generations may one day look back with disbelief that inequality was allowed to persist long after its causes were well understood.

    You May Also Like

    Finance

    The Stephen Lawrence Day Foundation (SLDF) and the Institute of Directors (IoD) have joined forces to launch a groundbreaking scholarship programme aimed at accelerating...

    Stock Markets

    Bill grants greater investigative powers for Ombudsman – BusinessWorld Online                                    ...

    Stock Markets

    STOCK PHOTO | Image from Freepik A BILL mandating refunds for consumers hit by internet connectivity disruptions was filed at the House of Representatives, in...

    Stock Markets

    PHILIPPINE STAR/NOEL B. PABALATE PRESIDENT Ferdinand R. Marcos, Jr. said the Philippines will play a prominent role in regional trade and investment networks as...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.