Final answer:
Women spend more on basic products than men because of the pink tax, gender-based wage gaps, and societal discrimination, including higher prices for women-marketed products and earning disparities reinforced by historical marketing strategies and deep-rooted sexist attitudes.
Step-by-step explanation:
Women tend to spend more on basic products than men due to several factors, including the pink tax, which refers to the higher pricing of products marketed specifically toward women. One significant area demonstrating the pink tax is in health and beauty products, where personal care items for women are on average 13% more expensive compared to men's products.
This disparity includes various sectors, with accessories and adult clothing being 7% and 8% more costly, respectively. Furthermore, dry cleaning services for women's clothing can be up to 90% higher than for men.
Aside from paying more for similar goods, women also face economic disadvantages due to gender-based wage gaps. They generally earn less than men, which increases the relative cost of products and services for them.
The glass ceiling further exacerbates the situation by preventing many women from reaching higher and better-paid positions. Additionally, the necessity of child care for working women imposes an indirect tax on their incomes, especially for those earning the least.
Cost disparities are underscored by historical and societal factors. The beauty industry, for instance, was developed largely through strategic marketing aimed at persuading women to purchase a wide array of beauty products.
Economists have also identified systemic sexist attitudes and the devaluation of workspaces as women's representation increases, both contributing to the wage disparity and occupational segregation. These issues reflect the deep-rooted discrimination and social norms influencing the higher costs that women bear in comparison to men.