According to STTK based on the existing gender pay difference, October 31 is effectively the last payday for women in 2014.
That’s because women earn on average 83 cents for each euro that men are paid. That gap puts the monthly pay difference between the sexes at just over 600 euros on average, while the annual pay difference comes in at over 7,200 euros – in favour of men.
Moreover the pay gap widens as employees age: by the time members of the workforce reach 60, women will earn around 75 cents for every euro than their male peers take home.
Not much change since 1990
Back in 1990, women earned 80 cents for every euro that men earned, signaling that not much has changed in the intervening 24 years. EU data from 2012 indicated that Finland had the seventh-largest gender wage difference in the regional grouping.
The STTK and its member unions observed “Women’s Payday” on Friday to commemorate the last effective payday for women in Finland.