The Gender Pay-Gap Exacerbation by the Male Dominant Transnational Capitalist Class

Sklair has identified the transnational capitalist class as the new ruling class of the globe, loyal ‘only’ to international capital accumulation.

Its four fractions – corporate, state, technical and consumerist, serving the proliferating dominance of transnational corporations, has a heavy male-dominant bias. Since this ruling class has the most wealth compared with other people, it is responsible for a hefty ‘contribution’ to the gender pay-gap.

To redistribute wealth, to ordinary people, and to women, is a pressing social justice issue; this tiny elite extracts enormous amounts of surplus labour from workers and small businesses through more leveraged passive income generation, buying up the fruits of others’ labour on the cheap, from women and men alike, wherein they take no notice of women’s unpaid labour in reproducing paid workers.

A socialist movement needs to challenge this ruling elite for class and gender equity, as well as employing other methods to close the structural gender pay-gap.