Tuesday, June 19, 2007

Stronger Women

I love a strong woman. But are women really stronger? Here's a good excerpt:


Wealthy women
Sex and money
Jun 14th 2007 From The Economist print edition


By 2020 over half of Britain's millionaires may be female. Why?
IN APRIL this year, 92 females graced the Sunday Times Rich List, an annual round-up of Britain's 1,000 wealthiest people. Ten years ago there were 64. And rich women are getting richer, too: over the decade the average worth of female millionaires has grown by more than half.


Today Britain's wealthiest woman has £4.9 billion ($9.6 billion) to her name, compared with the paltry £1.5 billion her counterpart had in 1997. The Centre for Economics and Business Research (CEBR) reckons female millionaires will outnumber male ones by 2020, and by 2025 women will control 60% of the nation's private wealth. They do better at school and in higher education, and they live longer. Girl power, it seems, never had it so good.

....the historical sources of women's wealth—marriage, inheritance and divorce—have been replaced by independent income, business ownership and investments. More than 80% of women now derive their riches from personal earnings, it says, particularly from their own businesses.

But Philip Beresford, who compiles the Rich List, dismisses the idea that women are breaking into its ranks independently of men....The woman who tops the list is in fact Lady Green, whose husband made them both a fortune in retailing.

....If things look sticky at the top, women at the bottom find the relative going far tougher. Although the gap between men's and women's earnings has shrunk for those at all income levels, it remains far bigger among the poorest tenth than in any other group (see chart).

....men still dominate highly paid work, and the proportion of female graduates in low-level jobs has rocketed in the past decade, along with the number of people going to university.


The above fact is in Britain but not in our country, Japan. I want to know about it in Japan. The report of CEBR that by 2025 women will control 60% of the nation's private wealth is surprising. If it is true, the social standing of women will be much higher than that of men. Few women will feel anxiety about her own treatment and payment in her workplace by being a woman.

In Britain more than 80% of women now derive their riches from personal earnings, it says, particularly from their own businesses. More women seem to be stronger, but many are making them both a fortune with her husband.

In a more calm research, men still dominate highly paid work, and the proportion of women in low-level jobs has rocketed in the past decade.

I think men's high pay is not due to the difference of any career opportunity that women are given and much less the incompetence of women, but due to the choice that women make. Many women are doing the housework (some may say that women are being forced to do that by men) and have no time to do a full-time job. They usually have a part-time job to supplement her husband's income.

Many women choose to do a part-time job, while many men a full-time job. The tendency is going down, but it seems to remain the same though the workplaces for women have been pursued for long time. The reason that men relatively dominate highly paid job is clear: Many women still choose to do a part-time job, while many men a full-time job.

More women choose a full-time job since they have more chances to have her housework done by someone and to work outside and it takes less time to do it. For that reason, the wage gap between men and women is shrinking. But it won't vanish as long as women choose a less-pay job.

3 comments:

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