Nov 182013
 

We have come a long way in society to narrow the wage gap between men and women. We are also seeing more women in executive level positions in large companies 😀 But females are still disproportionately represented in corporate leadership roles 😐 For example, compare the Senior Management team to the other staff members of the company below. Click image to enlarge.

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Coincidence or sexism?

I read an article recently that suggests part of the reason it’s still more difficult for women to climb the corporate ladder than men, is because of women themselves 😯  A recent Gallup poll in the U.S. shows that 41% of Americans don’t have a preference which gender their boss is. However 35% preferred a male boss, and only 23% prefer a female boss. What’s surprising to me is that more women in the poll (40%) than men (29%) said they would prefer a male boss. I thought girls would want to stick together, but the research says otherwise ( ・_・)

There appears to be some kind of conflict of emotions when women witness other women get into positions of power and authority. On the one hand everyone celebrates the accomplishments of hard working women as they achieve success in the corporate world, much of which is still dominated by men. Yeah! girl power! 😀 But on the other hand, it’s often women who perpetuate the worst stereotypes about working for other women. As one editorial director puts it “Everyone applauds when they shatter that glass ceiling. Then they pick up the shards, and start cutting away.” Yikes 😕

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But why do female bosses get such a bad reputation? According to Doctor Robi Ludwig, a woman, bad female bosses may have Queen Bee Syndrome, which describes the “actions of the alpha female in the workplace who tries to preserve power at all costs.” She explains how this is a very real and common thing.

Instead of promoting her younger counterparts, she feels threatened by them, judges them, talks about them and, in many cases, ends up obstructing their attempts to climb the corporate ladder…. According to one group of German researchers, women who reported to female supervisors had higher cases of depression, headaches, heartburn and insomnia than if their bosses were men. ~Dr. Robi Ludwig

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Aug 172013
 

Is the United States of America still the land of opportunity or is it becoming more difficult for people at the bottom to live the dream? The answer depends on where you live 😉

Upward mobility measures the likelihood for people to move up their economic status. A recent study published by the Equality of Opportunity Project shows that some US locations have adequate upward mobility compared to other countries. However, other parts of the US have lower levels of economic mobility than any developed country based on current data.

The researchers looked at how many children from families in the bottom 20 percentile of the income distribution ended up rising to the top 20 percentile. They discovered that where you live can make a difference on your upward mobility.

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Oct 292011
 

Men generally have more money than women. That may not be a surprise since men tend to have higher incomes as well. However, I didn’t expect the difference to be so big. In 2005 in Canada, the median male had $184,964 of wealth, and the median female had $105,470. That makes guys 75% richer than girls on average. And around the same time the median family net worth in the US was $93,100. This of course doesn’t mean Canadians are richer than Americans, our wealth is just distributed differently than their’s.

The good news for younger adults is that our bar has been set pretty low. The median net worth for my gender and age group for example is only $28,203. Although my net worth is higher than that, the median debt to asset ratio for this same group is 0.41, where mine is over 0.70, which means for every dollar I have, I owe someone else more than 70 cents. I know carrying around almost a quarter million dollars of debt in my 20s is kind of risky but I can’t help myself from borrowing more and more because credit is just so cheap and easy to get.

So men apparently have 1.75 times more money in general than women. So here is some quality advice. Ladies, don’t settle for any man who is struggling with his debt because there are plenty of other guys out there who are more financially sound. And guys, don’t marry a girl just because she likes you for your money.