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Labour Survey: median pay higher for women

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Women may have benefited from the post-pandemic economy more than men, according to the Labour Force Survey November 2022.

According to the document, women made $4,481 more than men, or had a 7 per cent higher median gross annual income from their main job.

The just-released government report shows how the 2022 median working pay for women was nearly 13 per cent higher than in November 2019.

But over the same period, pay for men fell by about 0.8 per cent.

The working population’s median gross annual income steadily rose for the comparative survey periods, but fell for men as it dramatically rose for women.

With a 2019 working population of 35,748, the median gross annual income was put at $62,557, a figure that rose to $65,725 by November 2022.

The women surveyed began at $60,398 in November 2019, before income rose marginally (less than $500) by November 2020, but then jumped significantly by more than $7,000 to $68,108 by November 2022, the document said.

On the other hand, men started at $64,167, rose to $66,879 in November 2000, and fell to $63,627 in November 2022.

If the comparative numbers seem counter-intuitive, there is a plethora of global information to be found on the gender gap in world labour force participation rates that may support a measure of scepticism.

The Pew Research Centre says that American women typically earned 82 cents for every dollar earned by men in 2022, a minor change from 2002 when it was 80 cents.

Their research shows while some progress has been made, it all but stalled since the turn of the century.

The Guardian reported three months ago that four out of five companies and organisations in Britain still pay men more, even though employers are now required to publish the information.

The median pay gap remains at 9.4 per cent, where it was when the rule was first instituted in 2017-18.

International Labour Organisation statistics show that, in most countries, the participation of women in the labour force is lower.

In some regions, the participation gap is higher than 50 percentage points.

The current global labour force participation rate for women is just under 47 per cent. For men, it’s 72 per cent. That’s a difference of 25 percentage points, with some regions facing a gap of more than 50 percentage points.

Out of 183 countries it studied for the November 2021 survey, women had a higher participation rate in the labour force than men in only three countries (Burundi, Rwanda and Sierra Leone).

Bermuda was not included in the ILO survey.

A night-time scene of Bermuda’s largest shopping mall, The Washington Mall

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Published July 14, 2023 at 8:00 am (Updated July 14, 2023 at 7:26 am)

Labour Survey: median pay higher for women

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