Women's Network September 2018 | Page 5

Quick Clique 5 FAST FACTS AND SHORT SNIPPETS 1. MORE WOMEN BUYING PROPERTY THAN MEN Women are likely to become wealthier over the next five years from owning more Australian property — but don’t expect this to help close the gender pay gap. The number of women buying property to live in and for investment is now outpacing men. That trend is expected to continue in the years ahead, according to data from Westpac and the Australian Tax Office. At the same time, we have record female employment growth and a national pay gap, which excludes income from investments such as property, at a 20-year low of 14.6%, down from about 15.2% in November last year. smartcompany.com.au 2. KICK THE SINGLE USE HABIT Sydney-based entrepreneur Ed Burton believes now is the time to ditch single-use products and opt for an environmentally friendly solution. His new reusable bamboo coffee cup offers a lightweight durable alternative that doesn’t cost the earth. Upcycled from the remnants of chopsticks, Burton’s product is set to revolutionise the reusable cup industry, delivering a product that not only looks great but is practical to boot. With 500 billion disposable coffee cups going to landfill every year, isn’t it time we started searching for an ethically sustainable resource to fix the by-product of our addiction? kochiesbusinessbuilders.com.au 3. NEW STARTUP ENABLES CLEAR COMPARISON OF RETIREMENT VILLAGES Until now the retirement living industry has been shrouded in confusion, complexity and misconceptions, particularly around fees. Prospective purchasers had to research villages separately, often left to do their own comparison of potentially very different product, which can be daunting and time consuming. CompareVillages does the legwork for you and makes real comparison possible. CompareVillages was founded by Jessica Kinnear, who worked as a lawyer in the retirement village space. She saw firsthand the confusion around the fee structures in the space and the desire for greater transparency. “I could see the need for a simple to use, free comparison service. A bit like an iSelect or Trivago for the retirement living sector,” says Jessica. comparevillages.com.au 4. PAYPAL DOING DIGITAL Payments giant Paypal is taking a tilt at Australia’s digital gift cards market, unveiling an e-commerce store that will offer retailers a new channel in a fast-growing market. The move is expected to shake-up the emerging digital gift card space, signalling an uptick in competitive pressure on existing p layers like Prezzee and Wright Express owned giftvouchers.com. Paypal will launch the offer in partnership with 40 retailers, including eBay, JB Hi-Fi, Rebel Sport, RedBalloon, The Iconic and Adrenaline. The storefront is also expected to provide opportunities for a raft of other retail brands as the service is expanded. 5. INCOME INEQUALITY NOT GENDER INEQUALITY POSITIVELY COVARIES WITH FEMALE SEXUALIZATION ON SOCIAL MEDIA Women take sexy selfies to compete with other women and climb the social ladder in economically unequal environments, new research suggests. A new UNSW study has revealed the science behind sexy selfies, showing that women tend to sexualise themselves in environments with greater economic inequality, rather than where they might be oppressed because of their gender. In this study, it was looked at where in the world these things happened most. The argument is usually that when you see sexualisation, you see disempowerment, according to Dr. Blake. The researchers say that the findings make sense from an evolutionary point of view. “In evolutionary terms, these kinds of behaviours are completely rational, even adaptive. The basic idea is that the way people compete for mates, and the things they do to put themselves at the top of the hierarchy are really important. This is where this research fits in – it's all about how women are competing and why they're competing." pnas.org facebook.com/WomensNetwork @womensnetworkaus wna-womensnetworkaus WNAAUS smartcompany.com.au Women’s Network Magazine 5