In the United Kingdom, the gap between the pay of men and women in the workforce has theoretically never been smaller. Yet the real gender pay gap is not talked about. When one examines the amount of total wealth earned by men as opposed to women in the economy, you arrive at an almost 2-1 ratio – 66% of total wages in the UK go to men as opposed to 34% to women.
This gets worse as people get older. When you examine the total wealth earned by workers over the age of 60, the gap rises to 68-32. The worst part of this is that women over 50 could contribute so much more to the economy overall if they were allowed to earn to their potential. Radix has arrived at five proposals to create just such a situation.