[Politics] Gender pay gap

JC Footy Genius said:

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That video is spot on and was exactly what I was trying to say.

pb21 said:

Obviously they earn more because they work in higher paid jobs!

Why do gay men on average work in higher paid jobs than straight men?

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Because they are attracted to jobs in fields that pay more.

Tyrone Biggums said:

Because they are attracted to jobs in fields that pay more.

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So why are gay men attracted to jobs that pay more than straight men are?

One thing that has barely been touched on is that private companies often expect negotiation on pay and will start from a point that is not necessarily their final offer. Pay scales in the private sector are not necessarily set in stone like some civil service grade.

Could gender backgrounds have a bearing on whether pay offers are accepted or negotiated upwards? If so, that’s societal and not something you can easily legislate for, let alone penalise employers for.

pb21 said:

So why are gay men attracted to jobs that pay more than straight men are?

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To pay for their more expensive lifestyles.

Giraffe said:

The sad reality is that women in business are generally not as good as men. That’s a fact. They are great at many things but if you took ten average men and ten average women the men would be better 8/10. They have more drive, are less volatile and work harder. They also cry a lot less and accept constructive criticism much better. Men here fore deserve to be paid more in business. I base that on 25 years of business.

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It seems to me that [one of] the most useful measures of how "good" a business is, and thus how "good" its senior management is, is financial performance. Have a look at these studies:

https://www.msci.com/documents/10199/04b6f646-d638-4878-9c61-4eb91748a82b

"...companies in the MSCI World Index with strong female leadership generated a Return on Equity of 10.1% per year versus 7.4% for those without..." that's a 36% increase.

https://www.imf.org/external/pubs/ft/wp/2016/wp1650.pdf

"Across all measures and in all samples, higher share of women in the decision-making team is associated with better financial performance."

https://hbr.org/2016/02/study-firms-with-more-women-in-the-c-suite-are-more-profitable

"...we found that going from having no women in corporate leadership (the CEO, the board, and other C-suite positions) to a 30% female share is associated with a one-percentage-point increase in net margin — which translates to a 15% increase in profitability for a typical firm."

That's the view from a $1Bn private sector company, the International Monetary Fund, and a peer-reviewed article published in the House Journal of Harvard Business School (probably the most respected Business School in the World).

You also say "Hard nosed business people will recruit the best people to make their business the most profit." I assume you don't consider yourself such a person then; otherwise you'd be advocating the employment of more female senior managers.

By holding to your view that women are less good at business than men, you seem to be advocating lower profitability and lower shareholder value creation. It might be a good time to revisit your opinions.

Tyrone Biggums said:

To pay for their more expensive lifestyles.

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So, gay men actively choose to work in jobs that pay more than jobs that straight men actively choose to work in, in order to pay for their more expensive lifestyles?

If so doesn't seem like anything that needs to be addressed?

Surely decreasing the gender pay gap is sexist in nature?