Posted on December 6, 2011 by allmumkind
Back in the late 60′s women accounted for just 14% of employment income. This has risen to nearly 40% since then.
A report carried out by the Institute for Fiscal Studies identified that there has been a “major shift in the gender composition of employment income”. Interestingly, since the late 60′s, female employment has risen and men’s employment has actually fallen.
Women in households have earned more over the decades compared to men, who’s work has hardly increased.
Two significant decades have contributed to our change in working patterns. During the 1980′s we saw the heavy industry sectors break up which were heavily male concentrated. This went on to change the male employment workforce significantly. Then during the 1990′s saw the introduction of the service sector which offered more part-time roles allowing women to work more and more.
The Government boosted opportunities for a proportion of families around 2002 when they introduced tax credits. This increased income for women encouraging women to work more.
We now see a changing future again towards some women working. With tax credits cuts and less childcare it seems that more women may be pushed out of the workforce. With the Governments austerity policies we can see an impact on women’s unemployment which is now at a 23 year high. This equates to an impact in women’s finances.
Posted in Back to work mummy