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âI couldnât even get a car loan in 1962,â recalls Wendy McCarthy, AO. âI wanted a Mini Minor to drive to my job as a teacher and I remember the bank manager, he said: âYour father will need to be guarantor.â
âI said: âWell, my fatherâs dead.â He said: âHave you got a brother? Maybe he could do it?â I said: âYes, heâs 12â.â
Wendy McCarthy remembers being unable to get a car loan because she lacked a male guarantor.
Credit:James Alcock
McCarthy laughs at the memory, but the consequences of her lack of an older male guarantor were real back then. â[The bank manager] was serious. He would not give me the money.â
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Gender pay gap improves as more men take on low-paid work
Feb 25, 2021 – 9.32pm
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Australian women working full-time are paid on average $242.20 a week less than men - a gap that has improved, albeit slowly and mostly due to labour market shifts rather than progress on equality.
Women working full-time earned on average $1562 in a week, while male full-time workers were paid $1804.20, data from the federal government’s Workplace Gender Equality Agency shows.
If you’re an Australian woman working full-time, chances are you will on average earn $242.20 a week less than a man.
Les Hewitt
The pay gap dropped to 13.4 per cent, a decline of 0.6 percentage points over the past six months, according to WGEA’s analysis of the latest average weekly earnings data from the Australian Bureau of Statistics.