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Law, Economics, and Organization

   

Added on  2021-04-16

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Running head: ECONOMICS OF LAW AND ORGANIZATIONEconomics of law and organizationName of the studentName of the universityAuthor Note
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1ECONOMICS OF LAW AND ORGANIZATIONIntroduction:The gender inequality is one of the common factors of occupational inequality thatcan be seen in most of the work places, worldwide. Under this imbalanced situation, womenhave enjoyed less power over the management and consequently have earned lessremuneration compare to that of male employees (Lutter). Hence, at present, variouseconomists and socialists have discussed this topic critically and consequently have intendedto find some effective solutions. In 2017, the International Labor Organization (ILO) hasprepared a report based on this specified inequality and has provided two suggestions toovercome this (Okonkwo). This essay intends to focus on the first suggestion, which hasargued to promote equal remuneration between male and female employees regarding theirwork, based on equal value. Hence, to understand the overall scenario, a brief literaturereview is going to be done, after which the essay can analyze about the gender pay gap alongwith its measurement. Moreover, some suggestions, based on this inequality problem, can beprovided in the context of Canada. At the end, this essay intends to provide an appropriateconclusion, based on entire discussion.Literature Review:According to the report of the ILO, global community is experiencing hugechallenges due to gender gaps, where men have received more preferences to obtain a jobcompare to women. Thus, according to the statistical analysis, the present participation rate ofglobal labor force of women is only 49% while for men; it is 27% more. However, between1997 and 2017, this gap, based on participation rate, has experienced a decreasing trend,worldwide (Ilo.org). At the end of 2017, some countries like Arab States, Northern andSouthern America have experienced the highest gaps that exceed 50% points. The worldwideunemployment rate for women has remained 6.2% in 2017 while this rate for male has
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2ECONOMICS OF LAW AND ORGANIZATIONremained at 5.5%, which in turn has measured the inequality gap by 0.7% (Bowen, et al).According to some predictions, those rates are going to remain unchanged in 2018 as well.However, this rate has varied worldwide, based on economic conditions of differentcountries. The unemployment rate in emerging countries has increased from 0.5% in 2007 to0.7 % in 2017 (Zimmermann). On the other side, in both developed and developing countries,this rate has remained at 1.8% and 0.5 %, respectively, during the same period. However, forthe Arab States and Northern Africa, this condition has remained poor compare to othercountries. In the context of employment, only 5.5% men are contributing their labor in familyworks, while that for women is 15% (Afiouni and Charlotte Karam). By contributing infamily works, a person cannot receive fixed remuneration but perform their job under anunorganized sector with great efforts. In developing countries, this condition has influencedto increase the employment gap, significantly. After analyzing those data, the ILO report has suggested that economic benefits canbe earned by reducing the participation rate and unemployment rate. By enhancing jobopportunities, each country may increase its national income, which in turn can help it todevelop its respective economic conditions. Moreover, by employing women, a country canovercome other economic obstacles, for instance, welfare development of women, which inturn can help an economy to experience economic growth (Simmons, et al). In this context,the concerned report has analyzed some socio-economic factors, for instances, marital status,work life balance and lack of transportation that have adversely affected the worldwideemployment opportunities of female workers. Hence, it is essential to provide workconformity for both men and women employees as this can further help a country to reducegender inequality in work places. In addition to this, the specified report has suggested somepolicies that can help a workplace to reduce this gender discrimination. According to thosepolicies, firstly, a company needs to promote equal remunerations in work places to provide
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