Business Economics: Does Ending Gender Pay Inequality Require a Transformation of the Economic Purpose of Business in Society?

Business Economics

Table of Contents
INTRODUCTION ..........................................................................................................................3
Does ending Gender Pay Inequality require a transformation of the economic purpose of
business in society.......................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business economics is the subject matter which studies the financial organisation,
environmental issues and the market-related issues which is being faced by an organisation. This
is basically encompasses of subjects that as the concept of the scarcity, product factors,
distribution and the overall consumption(Tribou, 2017). This individual written assignment
perform the debate in favour of, “Does ending gender Pay inequality require a transformation of
the economic purpose of a venture in the society”. This assignment will cover the Introduction
as a opening statement in the position held on the debate question and make argument in favour
of the position. Lastly, it will analyse the conclusion as closing statement in which all the
argument is summarised and position is being restated.
According to the Keisha Blair, “Financial empowerment is the new feminism. Women
can't be fully empowered until they are financially empowered.” as the opening statement, it can
be rightly quote that the gender inequality definitely needs an alteration of the economic intent of
the organisation in lodge.
Does ending Gender Pay Inequality require a transformation of the economic purpose of
business in society.
It is being stated from one of the report that for the gender pay disparity, data did not
show a lot of development. It is evaluated that the pay discrimination in the developed, rising
and the thriving nations stands at 20%, with accordance to the estimates from the International
Labour organisation(ILO). It simply states that the with every dollar that is earned by a male
around the globe, a female makes on an average of 80%. It is estimated by the ILO that there
exists 26.5% gender gap in the working class sector across the world which means that the men
works more than the women. Economists found out that these gaps are getting even narrower
with time. In general, there is no actual progression in the last decade and this is rightly figured
out said by the ILO Senior Economist(Closing the gender pay gap could have big economic
benefits, 2018).
The Senior economist, Stefan kuhn said that the large part of the gender pay the gap can
be attributed as the difference in occupations among the men and women. As per the recent
research, they have highlighted that as a leading behind the wage discrepancies as more women
take time off to raise children.