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HomeAUShocking $53K Pay Gap Hits Australians: Discover the Age Group Most Affected

Shocking $53K Pay Gap Hits Australians: Discover the Age Group Most Affected

NewsFinale Journal
By NewsFinale Journal
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By the time a woman is in her 50s, she is more than $50,000 behind men the same age, according to the Workplace Gender Equality Agency (WGEA).
The new data, from more than 5.1 million working Australians, shows that while men and women roughly earn the same in their teens and early 20s, the gender pay gap hits its stride when a woman is in her 30s. At this age, a woman earns $15,276 less than a man the same age.
The figure peaks between ages 55-59, where the pay gap is $52,992.
WGEA, which publishes annual gender pay gap reports, only started collecting age information alongside pay data last year, meaning these latest figures show for the first time the full extent to which the gender pay gap grows throughout a woman’s career.
A bar chart titled "How the gender pay gap increases with age" shows average total remuneration for men and women across age groups, based on data from Workplace Gender Equality Agency Australia. For each group, men’s earnings (blue bars) are consistently higher than women’s (red bars), and the pay gap widens with age.

According to a recent report from the Workplace Gender Equality Agency (WGEA) in Australia, the gender pay gap not only persists but also widens as individuals age. This disparity is starkly visualized through a bar chart that highlights the average total remuneration for men and women across various age groups. The chart, which uses blue bars to represent men’s earnings and red for women’s, clearly shows men’s earnings consistently outpacing women’s, with the gap growing more pronounced with age.

Mary Wooldridge, CEO of WGEA, emphasized the importance of early intervention to ensure equitable treatment for women in professional settings. Wooldridge remarked that proactive steps are crucial to prevent these disparities from becoming entrenched as women progress through their careers.

The accompanying report underscores the financial ramifications of this pay gap. By calculating the cumulative earnings difference from ages 15 to 67, it reveals that women earn, on average, about $1.5 million less over their lifetimes compared to men. This striking figure sheds light on the long-term economic impact that unequal pay can have on women’s financial security.
There are a few ways this happens.
First, as women age, they are more likely to work part-time. The number of women in full-time employment sits at around 50 per cent.
For men, the percentage in full-time employment is anywhere from 60 to 80 per cent, depending on age.

One strategic approach to boosting one’s salary is ascending to a management position. However, the data indicates a significant gender imbalance in managerial roles, with men being more likely to hold such positions by the age of 34. This trend highlights the additional barriers women face in climbing the corporate ladder, further contributing to the wage gap.

Women who do become managers still earn less, with women managers between 55 and 50 earning an average of $85,662 less than male managers of the same age.
The choice of profession could be another factor. The gender pay gap is smallest for workers under 20, who tend to be working in retail or food services.
After age 20, more women are employed in lower-paid sectors such as healthcare, social services, and education, and these professions stay dominant until retirement.
These sectors have seen recent wage growth, with childcare workers now earning $2800 more on average per year, but not enough to close the gap.

How can we fix it?

Wooldridge called on employers to take early action.

“We’re asking employers to change the story and shape the future,” she said.

A woman in a grey shirt speaking into a microphone with flags behind her.

WGEA CEO Mary Wooldridge says that fixing the gender pay gap benefits both men and women in the workplace. Source: AAP / Lukas Coch

Actions like offering equal parental leave to women and men can help lift the burden of unpaid care work that women experience as they age.

Woolridge also said employers should be open to making more manager roles part-time, or job share. This would require shifting attitudes around part-time workers being perceived as less productive or committed to their jobs.
Ultimately, WGEA said fixing this gap will make workplaces better for both men and women by offering more flexibility and fair access to leave for everyone.
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