A recent survey from the Chartered Management Institute shows that female executives earn an average of £400,o00 less than their male colleagues over their working lifetimes. As a feminist, just how bothered about this should I be? After all, it’s a minority issue, focusing on a privileged group. Aren’t there more important things to deal with? The truth is, I don’t spend a lot of time thinking about executive pay, male or female, what with two kids, a non-exec beta-female job and being fairly busy.
In this respect I am a bit – but not a lot – like Angela Ahrendts, the female chief executive of Burberry. Ahrendts doesn’t think about the pay gap much, either:
I don’t spend a lot of time thinking about this, what with three kids, running the company and being flat out busy.
Speaking as a low-level, non-aspirational version of Ahrendts – fewer kids, lower earnings, less go-getting-ness in general – I can see what she means. Giving a shit about stuff isn’t just time-consuming, it’s also seriously uncool. And besides, does it really matter? Once you’ve earned your million, do you really miss that extra £400,000? (Not having earned my million, I wouldn’t know. But I suspect that women who are openly arsed about the extra £400,000 are less likely to earn the million in the first place.) (more…)