Society
Equal Gender Pay Set Back a Generation by Pandemic, WEF Says
- Women lost jobs at a higher rate and took on more work at home
- Gender gaps in education and health have almost closed
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The pandemic has rolled back years of progress on gender parity for pay, making women wait a generation longer to earn the same as men.
That’s according to a report by the World Economic Forum, which found that at the current pace it will take 135 years for men and women to achieve parity, and 268 years to get the same paycheck for similar work. It echoes concerns raised by Bank of England policy maker Silvana Tenreyro about the impact of Covid-19 on women’s careers.