This year, Equal Pay Day is on 28 August 2020, marking the 59 additional days from the end of the previous financial year that women must work, on average, to earn the same amount as men earned that year.
In a press release issued with the release of the 2020 national gender pay gap figures, Libby Lyons, the director of the Workplace Gender Equality Agency warned of a “lost decade”.
“Over the period of the Global Financial Crisis (GFC), our last economic downturn, the gender pay gap shot up 2.0 percentage points from 15.6% in November 2007 to 17.6% in November 2009,” said Lyons. “It took us 10 years to bring that back down to where it is today.”
There is now a real risk that the impacts from COVID will adversely affect the gender pay gap, given that women are bearing the brunt of job losses, lost hours, the caring burden, and that female dominated industries were most significantly affected early on.
Watch this YouTube video to find out more about the effects of the gender pay gap in Australia.