Alison Wolf writes: Feminist cries for action have seen a resurgence of late, notably in calls for quotas on company boards. Large numbers of very successful women feel that life is profoundly sexist and unfair. Feminism has always and inevitably been driven by the educated and well-connected, but today’s feminists are also obsessed with their own elite, metropolitan lives. This is deeply depressing. It is also having a pernicious effect on politicians and policy-making.
Take the 30% Club – the campaign for at least 30% of board members in large public companies to be female. This has attracted huge publicity and traction. Top women campaign for it, politicians line up to sing the importance of such “diversity”. It is received wisdom that this policy is good for women in general, and important to them – and also good for the benighted companies themselves.
This is simplistic, and it is nonsense. A number of countries have introduced quotas for large public companies; but only one, to date, has enacted major sanctions for miscreants, and has a good many years’ experience with quotas. That is Norway, where 40% representation is required and enforced.
And the result? The policy has done nothing whatsoever for the female labour market generally. It has had no impact on female pay and promotion prospects in the companies concerned. It has had no positive impact on company profits either: replacing privileged men with privileged women doesn’t seem to pay any “diversity” benefits. [Continue reading…]