Women will be paid the same as men … in 202 years

Women will be paid the same as men … in 202 years

Women will be paid the same as men … in 202 years

This is largely due to a narrower income gap between men and women, which stands at almost 51% in 2018, and the number of women in leadership roles, which stands at 34% globally.

The global gender gap is going to take over 100 years to close, according to the World Economic Forum (WEF).

Meanwhile, Iceland was again judged the most gender-equal country across the globe for the 10th consecutive year, followed by Nordic countries such as Norway, Sweden and Finland.

Women may be shouting louder than ever for equal treatment and pay, but a report out on Tuesday (Dec 18) indicates it will take centuries to achieve gender parity in workplaces around the globe.

However, the report points out that there are only a limited number of women in leadership roles in the political and economic fields. It also scored better marks than previous year in economics due to a smaller wage gap and other factors.

The forum pointed out that while the world has closed 68% of its gender gap, only one pillar - economic opportunity - made progress in contracting the gulf this year.

The most challenging gender gaps to be closed are the economic and political empowerment dimensions, which will take 202 and 107 years to close respectively.

Japan gained high marks in education and health.

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"The country's Health and Survival gender gap remains open for a second year, although its Educational Attainment gender gap remains fully closed".

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to almost 51 per cent.

Because of the similar chances of males and females being born, a low recorded female population at birth suggests that large numbers of women may be "missing" in a country due to factors like sex-selective abortion, or parents' unwillingness to register or report their daughters' births - a known issue in China under its now-defunct one-child rule.

The overall participation rate for men in the workforce is also increasingly more quickly than the rate for women.

With the exception of Bangladesh and Pakistan at either end of South Asia's regional table, gender parity outcomes were somewhat homogeneous across the region.

The data also showed another significant finding, which is that the proportion of women married by the age of 25 is 30 per cent, while it is 7 per cent for men.

Given the depth of the talent gender gap in AI, there is a clear need for proactive measures to prevent a deepening of the gender gap in other industries where AI skills are in increasing demand. "It's in their long-term interest because diverse businesses perform better", said Saadia Zahidi, head of the Centre for the New Economy and Society and Member of the Managing Board, World Economic Forum.

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