Economic equality is the belief that people should be paid the same rate for the same job regardless of race, gender, or other factors that are unrelated to their ability to perform the task. Along the same lines, I believe that economic equality is about creating a fair playing field in which everyone has equal access to the same wealth.
Unpopular opinion, but I can’t help but think that our country is in a position of drastic economic inequality because of a power imbalance. For example, when the rich outperform the poor because of their exposure, there is a clear power imbalance, this is because once they are in power, they misuse the poor and pay them peanuts, well, not everyone but a select few and I believe both parties are to blame. The rich do not do enough to support local businesses and invest in local enterprises operated by those who live hand to mouth. On the other hand, the poor must provide quality services and ensure that their businesses receive adequate exposure to succeed as well as constantly learn from all the mistakes and make an effort to improve.
If this is the scenario for both genders in a culture that thrives on misogynistic ideals, it is no surprise that women and young girls suffer significantly economically. According to the International Labour Organization, “women are more likely to work in informal employment and vulnerable, low-paid or undervalued jobs.” To make matters worse, the COVID-19 crisis resulted in enormous job losses, disproportionately affecting women and expanding gender differences. Women do not have equal access to financial services as men do. “
In this exact way, I believe it is pretty black and white for us men, especially given how society is built up. We either have our worth the moment we walk into a room, even if we don’t see it because we are confident, or we look smart in our very nice suits with extremely serious faces ready to demand our worth, simply because we are men. It even gets to the point where we can walk into a room and negotiate three times more than what we’ve been offered, and we get it, as long as we have proof of concept.
However, for women seeking employment, particularly in today’s patriarchal business and corporate cultures, negotiating their compensation and getting something out of it is not only tough but almost impossible because there are women.
I feel that more conversations like this one should be held so that people can critically examine the causes of economic inequality and express their opinions. Two, it is everyone’s responsibility to speak up when there are power imbalances at work or in any situation, which is why I believe it is important to fight for women. Their abilities have been completely suppressed, and I can confidently say that as communities and cultures, we are missing out on incredible leadership.
As a result, let us take the initiative and take responsibility for these situations. I believe that is the first step towards making the world a better place.