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article imageOp-Ed: Who is Alpha Woman?

By Alexander Baron     Jun 5, 2013 in Business
What is the result of women earning and spending more? More inequality. Why are there so few women at the top? That's the fault of Alpha Woman. Confused?
Yesterday, the London freesheet City A.M. contained two apparently contradictory articles - something that is far from unusual in the world of finance. On page 20 is an article by academic Alison Wolf: How the rise of the alpha woman is creating a more unequal society, while earlier on page 15 we find Women called to task on lack of female execs.
The two appear to claim that women are doing great in business, except when they are not, but an accurate reading is that some women--the top 1 percent or whatever--are doing fine, while business is still suffering from the under-representation of women in the boardroom.
According to the male author of the second article, The Two Percent Club is the organisation calling for more female representation at the top - them and every other loony feminist organisation in Britain if not the world. However, if you consult this organisation's Membership page you will read:
"Members are typically drawn from the highest levels of an organisation and will usually be a Chief Executive, Partner in a professional firm or Director or equivalent from the Public, Charity and Private Sector, or a woman recognised as a leader in their own field."
In other words, this is not a democratic lobbying group that anyone can join but a self-styled elitist club that has taken upon itself the task of promoting a pseudo-sexual equality in the boardroom based purely on statistics.
In contrast to this statistical sexism nonsense, King’s College London Professor Alison Wolf hits the nail bang on the head, it is not women who are losing out, rather there is a relatively small percentage of high earners of both sexes - including especially married professional people with two big salaries coming in. And then there is everyone else: men as well as women.
Out of the boardroom and away from the professional life there are bona fide reasons why women earn less than men: "Women in traditional female jobs are also likely to work part-time, and to drop in and out of the labour market for family reasons. And they are the reason why average female pay is lower than men’s. Doing a low-paid service job part-time fits many women’s family commitments".
The bottom line is that it is not Alpha Woman who needs special privileges or, heaven forbid, legislation to help her crack the mythical glass ceiling; rather it is the people at the bottom - women in low-paid jobs and low-income families in general - who need help to crawl out of the financial basement.
There are ways we can bring this about, but they have nothing to do with the war of the sexes, and they would be most unwelcome by all those earning mega-bucks in the city of London and other financial centres worldwide. To begin with, we could totally reform the banking sector and get rid of those jobs that involve trading for trading's sake. Instead of the banks operating like casinos with the taxpayer to bail them out, this money could be put to work investing in real industries and services like alternative energies, alternative food sources (eg aquaponics), and the revolution in manufacturing that will be heralded in when the world realises that 3-D printing can be used for far more than making novelty, bargain basement firearms.
Ultimately this has nothing to do with sex anymore than it does race, culture or anything else. New technology can be used to benefit all mankind, but only if we stop wasting time agonising about non-issues like sexism, and concentrate on developing it to the full.
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of
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