By Euro Weekly News Media • 19 November 2015 • 17:23
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THE Finance Ministry has just released a report, compiled by data from 2014, which shows the vast majority of high earners in Spain are men.
The news comes after this year’s Equal Pay Day earlier in November with the European Commission having calculated the average gender pay gap in the EU at 16.3 per cent.
Men only account for 54 per cent of all salary earners in Spain and yet of the positions which have a salary 10 times over the minimum wage, men hold a lion´s share at 82 per cent.
The data shows that 22,792 women compared to 104,914 men were among the top earners and of those high earners, men had an average yearly salary of €152,174 whereas women made €133,404.
The average pay gap is reported to be over €4,600 which does however represent a drop from the figure of over €5,000 in 2012.
One note to bear in mind is that the statistics range across part time and temporary workers and women usually take up many of these positions.
The news in Spain comes after the World Economic Forum has stated that they estimate it will take 118 years until the gender pay gap around the world is finally balanced out.
The WEF’s Global Gender Gap report indicates that women now earn the same amount that men did in 2006.
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