In 2014 we publicly challenged Mark Carney, the Canadian governor of the Bank of England, over a truly preposterous – frankly, laughable – claim he’d made in a speech to the TUC:
Hiring more women in senior roles makes us much more effective.
Our blog piece on the matter is here.
The Sunday Times today published a piece, Pay for women lags by 11% in public sector. The start of the piece:
Despite years of demands for workplace equality, the gender pay gap is still widespread in the public sector, a Sunday Times investigation has found.
Even the Bank of England, which is to replace the image of Charles Darwin with Jane Austen on the £10 note, has some way to go on pay equality, according to figures released under the Freedom of Information Act.
Women at the Bank typically earn 26% less than men, making it sixth among public sector employers with the largest gender pay gaps. The median salary for female staff was £41,082, compared with £55,828 for men.
The Bank blamed the gap mainly on the lower proportion of senior jobs held by women, rather than different pay for similar jobs. [my emphasis]
Mark Carney, the governor, said in a speech last week that he intended to triple the proportion of women in senior roles to 35% by 2020. [my emphasis]
Let me get this straight. Today, three years after Carney made his ridiculous statement at the TUC, women account for around 12% of ‘senior roles’ (35% x 1/3). Why has the Bank of England, over those three years, not been hiring more women in senior roles, to make the Bank, ‘much more effective’? (It’s a rhetorical question, of course.)
Yet he now aims to triple the proportion of women in such roles in the next three years. The Bank of England has long had a stated policy to increase the proportion of women in senior roles, and we must assume the low proportion today is a reflection of a shortage of supply of suitable candidates for promotion, not of a lack of organizational will. In 2012 the Anti-Feminism League (our pre-J4MB blog site) reported on positive discrimination for women at the bank – here. Catherine Brown, 46, the executive director of human resources (i.e. the personnel manager, to those of us of a certain vintage) was earning a salary of £200,000 p.a. The blog post cites this from an interview:
Brown, 46, says: ‘…while the governors and directors are very largely white and male, that is a snapshot in time and in five years it may look very different.’ … this year the intake of women has shot up to 45 per cent…
Tripling the proportion of women in senior roles will inevitably involve promoting women who have up to now not been deemed qualified for such roles, on the grounds of merit. It will almost certainly require the firing (or, more probably, early retirement) of better-qualified men currently in senior positions, or at least demoting them.
Yet again we have a man in a leadership position in a major organization damaging his organization at the behest of feminist harridans. It’s difficult to think of any high-profile men in key institutions – other than Philip Davies MP – willing to point to the elephants in the room, feminists. Virtually to a man, they’re deeply gynocentric and, therefore, utterly spineless.
Why has Carney set 2020 as the year for his absurd target to be reached, I hear you ask? Good question. As we know from a BBC piece, he’s going to leave the bank in June 2019. So he’s done the PC thing – announcing his intention to advance women, regardless of their merit, or otherwise – whilst saddling his unfortunate successor with the negative consequences for the bank, and for all of us who rely on it to make sound decisions.
The end of the Sunday Times piece, with the second blithering idiot:
Rebecca Hilsenrath, chief executive of the Equality and Human Rights Commission, said: “It is depressing to see pay gaps that women still experience across the public sector. [No individual women are experiencing pay gaps, you daft trout. Give me strength…]
“Transparency is key to ensuring change. Women are a vital part of all workforces and it is shameful that women continue to face barriers.” [One assumes she’s referring to glass barriers. Maybe they hold up the glass ceilings.]
The organization Ms Hilsenrath leads has 11 Commissioners, including herself. Commissioners are appointed by the Minister for Women and Equalities. We should not be surprised, then, that nine of the 11 are of the female persuasion – here.
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