logo
‘Nobody's crying!': Debate on gender pay gap in WBNA and sports

‘Nobody's crying!': Debate on gender pay gap in WBNA and sports

Al Arabiya2 days ago
Gender discrimination? Or a general disparity in skill?
What's the real reason female professional athletes are often paid so much less than men?
The WNBA has thrown the issue back into the spotlight as talks to negotiate a new pay deal break down.
When some of the world's best female basketballers hit the court for the annual All-Stars game earlier this month... it was their warm-up attire that captured the most global attention.
Their shirts read: 'Pay us what you owe us.'
The league is in crisis. Players have refused to sign the latest collective bargaining agreement and are demanding fair pay.
And you'll note the of the word 'fair' pay. They're not calling for equal pay but rather a fair proportion of the money they generate for the league.
NBA players receive between 49 and 51 per cent of their league's revenue.
The NHL - about 50 per cent.
NFL players get about 48 per cent of league revenue...
While WNBA players are only paid 9.3 per cent of the money they generate for their league.
That's despite record attendance, viewership and merchandise sales figures during the 2024 season.
Some sports do boast pay parity. Grand Slam tennis has the same prize purse for men and women. Indian cricketers receive the same match fees regardless of gender. BUT bonuses and sponsorship deals remain hugely unbalanced.
So - with all that in mind – we'll ask our panel:
- Why aren't female athletes receiving a fair pay cheque?
- Why does women's sport attract less attention - on tv and in person?
- How can the challenges for fair pay be overcome?
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed
Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

Arab News

time3 minutes ago

  • Arab News

Trump fires US labor official over data and gets earlier than expected chance to reshape Fed

WASHINGTON/NEW YORK: President Donald Trump on Friday fired a top Labor Department official on the heels of a market-shocking weak scorecard of the US job market, accusing her without evidence of manipulating the figures and adding to already growing concerns about the quality of economic data published by the federal government. In a second surprise economic policy development, the door for Trump to make an imprint on a Federal Reserve with which he clashes almost daily for not lowering interest rates opened much earlier than anticipated when Fed Governor Adriana Kugler unexpectedly announced her resignation on Friday afternoon. The two developments further rattled a stock market already reeling from his latest barrage of tariff announcements and the weak jobs data. The benchmark S&P 500 Index sank 1.6 percent in its largest daily drop in more than two months. • Trump claims in social media post that jobs numbers were rigged • No evidence to back Trump's claims • Fed Governor Kugler resigns, giving Trump an early chance for an appointment • Economists already have growing concerns about US data quality Trump accused Erika McEntarfer, appointed by former President Joe Biden, of faking the jobs numbers. There is no evidence to back Trump's claims of data manipulation by the Bureau of Labor Statistics, the statistical agency that compiles the closely watched employment report as well as consumer and producer price data. A representative for the BLS did not respond to a request for comment. Friday began with BLS reporting the US economy created only 73,000 jobs in July, but more stunning were net downward revisions showing 258,000 fewer jobs had been created in May and June than previously reported. 'We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,' Trump said in a post on Truth Social. DATA CONCERNS A Trump administration official who requested anonymity said that while all economic data is noisy, the White House has been dissatisfied with how large the revisions have been in the recent data and issues with lower survey responses. The problem started during COVID and has not been addressed in the years since. 'There are these underlying problems that have been festering here for years now that have not been rectified,' the person said. 'The markets and companies and the government need accurate data, and like, we just weren't getting that,' the official said. The BLS has already reduced the sample collection for consumer price data as well as the producer price report, citing resource constraints. The government surveys about 121,000 businesses and government agencies, representing approximately 631,000 individual worksites for the employment report. The response rate has declined from 80.3 percent in October 2020 to about 67.1 percent in July, BLS data shows. A Reuters poll last month found 89 of 100 top policy experts had at least some worries about the quality of US economic data, with most also concerned that authorities are not addressing the issue urgently enough. In addition to the concerns over job market data, headcount reductions at BLS have resulted in it scaling back the scope of data collection for the Consumer Price Index, one of the most important gauges of US inflation, watched by investors and policymakers worldwide. Trump's move fed into concerns that politics may influence data collection and publication. 'Politicizing economic statistics is a self-defeating act,' said Michael Madowitz, principal economist at the Roosevelt Institute's Roosevelt Forward. 'Credibility is far easier to lose than rebuild, and the credibility of America's economic data is the foundation on which we've built the strongest economy in the world. Blinding the public about the state of the economy has a long track record, and it never ends well.' FED CHANGE SOONER THAN EXPECTED Meanwhile, Kugler's surprise decision to leave the Fed at the end of next week presents Trump an earlier-than-expected opportunity to install a potential successor to Fed Chair Jerome Powell on the central bank's Board of Governors. Trump has threatened to fire Powell repeatedly because the Fed chief has overseen a policymaking body that has not cut interest rates as Trump has demanded. Powell's term expires next May, although he could remain on the Fed board until January 31, 2028, if he chooses. Trump will now get to select a Fed governor to replace Kugler and finish out her term, which expires on January 31, 2026. A governor filling an unexpired term may then be reappointed to a full 14-year term. Some speculation has centered on the idea Trump might pick a potential future chair to fill that slot as a holding place. Leading candidates for the next Fed chair include Trump economic adviser Kevin Hassett, Treasury Secretary Scott Bessent, former Fed Governor Kevin Warsh and Fed Governor Chris Waller, a Trump appointee who this week dissented with the central bank's decision to keep rates on hold, saying he preferred to start lowering them now. Trump, as he was leaving the White House to spend the weekend at his Bedminster, New Jersey, estate, said he was happy to have the open slot to fill. 'I would not read any political motivation into what [Kugler is] doing, although the consequence of what she's doing is she's calling Trump's bluff,' said Derek Tang, an analyst at LH Meyer, a research firm. 'She's putting the ball in his court and saying, look, you're putting so much pressure on the Fed, and you want some control over nominees, well, here's a slot.'

Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell
Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell

Al Arabiya

time12 hours ago

  • Al Arabiya

Trump calls on Federal Reserve board to wrest full control of central bank from Fed Chair Powell

President Donald Trump on Friday called for the Federal Reserve's board of governors to usurp the power of Fed Chair Jerome Powell criticizing the head of the US central bank for not cutting short-term interest rates. Posting on his Truth Social platform Trump called Powell stubborn. The Fed chair has been subjected to vicious verbal attacks by the Republican president over several months. The Fed has the responsibility of stabilizing prices and maximizing employment. Powell has held its benchmark rate for overnight loans constant this year saying that Fed officials needed to see what impact Trump's massive tariffs had on inflation. If Powell doesn't substantially lower rates Trump said 'THE BOARD SHOULD ASSUME CONTROL AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!' Trump sees the rate cuts as leading to stronger growth and lower debt servicing costs for the federal government and homebuyers. The president argues there is virtually no inflation even though the Fed's preferred measure is running at an annual rate of 2.6 percent slightly higher than the Fed's 2 percent target. Trump has called for slashing the Fed's benchmark rate by 3 percentage points bringing it down dramatically from its current average of 4.33 percent. The risk is that a rate cut that large could cause more money to come into the economy than can be absorbed possibly causing inflation to accelerate. The Supreme Court suggested in a May ruling that Trump could not remove Powell for policy disagreements. This led the White House to investigate whether the Fed chair could be fired for cause because of the cost overruns in its 2.5 billion renovation projects. Powell's term as chair ends in May 2026 at which point Trump can put his Senate-confirmed pick in the seat.

Gold set for 3rd weekly loss amid stronger dollar, reduced Fed rate cut hopes
Gold set for 3rd weekly loss amid stronger dollar, reduced Fed rate cut hopes

Arab News

time13 hours ago

  • Arab News

Gold set for 3rd weekly loss amid stronger dollar, reduced Fed rate cut hopes

BENGALURU: Gold prices held steady on Friday, but were poised for a third consecutive weekly loss pressured by a stronger dollar and diminished expectations for US rate cuts, while uncertainty from US tariffs on trading partners offered support. Spot gold was steady at $3,293.56 per ounce, as of 12:34 p.m. Saudi time. Bullion is down 1.4 percent so far this week. US gold futures edged down 0.1 percent to $3,344.60. The dollar index hit its highest level since May 29, making gold more expensive for other currency holders. 'Gold remains weighed by reduced bets for Fed rate cuts for the rest of 2025. This week's US GDP, weekly jobless claims, and PCE figures also shored up the Fed's reluctance to commit to a rate cut,' said Han Tan, chief market analyst at Fed held rates steady in the 4.25 percent to 4.5 percent range on Wednesday and dampened expectations for a September rate cut. US President Donald Trump slapped steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy ahead of a Friday trade deal deadline. 'The precious metal should, however, remain supported amid the still-uncertain impact from US tariffs on global economic growth,' Tan said. US inflation increased in June as tariffs on imports started raising the cost of some goods. Focus now shifts to US jobs data, due later on Friday, as investors assess the Federal Reserve's policy trajectory, with July job growth expected to have slowed and the unemployment rate projected to rise to 4.2 percent. Gold, often considered a safe-haven asset during economic uncertainties, tends to perform well in a low-interest-rate environment. Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot silver fell 0.8 percent to $36.46 per ounce, platinum lost 1.7 percent at $1,268.45 and palladium was down 0.5 percent to $1,185.19. All three metals were headed for weekly losses.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store