Women are "working fewer hours, in lower-paid industries and in lower-status jobs" than men, writes Jessica Irvine. Despite decades of feminism, women are still doing most of the unpaid cooking, cleaning and caring for children. They are still struggling to break into senior, highly paid jobs. In the Australian Financial Review Alan Mitchell suggested a way of dealing with the problem … but it’s not a solution most feminists or egalitarians will like.
As Irvine observes, there are two arguments for increasing women’s participation in paid work. The first is an argument for social justice. Society relies on women to bear children and it’s not fair that doing so makes it more difficult for those who are qualified to compete for high paid, high status work. And it is certainly not fair that women without children still find it more difficult to get ahead at work.
The second argument is economic. "Economists at Goldman Sachs estimate closing the gap between male and female participation rates would boost Australia’s annual economic production by 13 per cent", writes Irvine. This would "help cool inflation pressure, meaning lower interest rates than otherwise."
A 2009 report by Tim Toohey, David Colosimo and Andrew Boak at Goldman Sachs JBWere argues that women are source of highly educated labour just waiting to be unlocked. As Andrew Norton notes notes, women with university qualifications are far less likely to work full-time than men even when they don’t have children.
But according to Toohey, Colosimo, and Boak, another problem is that women with higher degrees tend to focus on just two industries: health care and social assistance, and education and training. Australia could achieve a significant boost to output if women could be persuaded to look beyond these two fields. By moving into traditionally male dominated fields, women would not only help to address skill shortages but would also improve their productivity.
In the Australian Financial Review (paywalled), Alan Mitchell argues that one way to encourage highly educated women to take on senior, highly paid jobs and work more hours is to allow more unskilled workers to migrate to Australia.
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