LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Gender pay gap will take 202 years to close: Report

It could take 202 years for women to earn as much as men because the global pay gap is so vast and the pace of change so slow, the World Economic Forum (WEF) has said in a report. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Gender pay gap will take 202 years to close: Report
It could take 202 years for women to earn as much as men because the global pay gap is so vast and the pace of change so slow, the World Economic Forum (WEF) has said in a report. Source: Pixabay
Updated: Thu, Dec 20, 2018
10:42 am
PTI
RELATED NEWS
Women and men won't reach economic equality until 2186, index says Women and men won't reach economic equality until 2186, index says

It could take 202 years for women to earn as much as men because the global pay gap is so vast and the pace of change so slow, the World Economic Forum (WEF) has said in a report. The annual report from WEF found that women on average make 63 per cent of what men earn.

There was not a single country out of 149 assessed where women on an average made more or as much as men. According to the WEF, the global gender pay gap has narrowed slightly over the past year, but the number of women in the professional workplace has fallen. In 2017, the WEF estimated that it would take 217 years to close the pay gap.

"The overall picture is that gender equality has stalled," Saadia Zahidi, the WEF`s head of social and economic agendas, told the Guardian on Tuesday. "The future of our labour market may not be as equal as the trajectory we thought we were on."

According to the report, Laos, in southeast Asia, was the closest to achieving parity with women earning 91 per cent of what men were paid. Yemen, Syria and Iraq had the biggest pay gaps with women being paid less than 30 per cent the level of men`s wages.

The WEF ranked the UK 50th out of 149 countries for gender pay, with women collecting 70 per cent of that paid to men. "In the workplace, women still encounter significant obstacles in taking on managerial or senior official roles," the report said. 

"When we consider only managers for the subset of countries for which recent data are available, just about 34 per cent of global managers are women." Women were also far behind in politics and the WEF said that at the current pace of change it will take 107 years until there are as many female politicians as male.

"When it comes to political and economic leadership, the world still has a long way to go," the report said. "Across the 149 countries assessed, there are just 17 that currently have women as heads of state, while, on average, just 18 per cent of ministers and 24 per cent of parliamentarians globally are women."

Iceland was the most equal country in terms of political roles, but there was still a 33 per cent gap that widened compared to last year. "The equal contribution of women and men in this process of deep economic and societal transformation is critical.

More than ever, societies cannot afford to lose out on the skills, ideas and perspectives of half of humanity," said Klaus Schwab, Executive Chairman of the WEF.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Gender Gapgender pay disparitiesWorld Economic Forum (WEF)
RELATED NEWS
Women and men won't reach economic equality until 2186, index says Women and men won't reach economic equality until 2186, index says

LATEST NEWS

Centre finalises One District One Focus Product to promote in cluster approach

New Inbase smartwatch Urban LYF is here - Check features, offers, promo code and more

Historic moment! New era of space reforms in India! PM Narendra Modi hails 1st dedicated commercial launch of PSLV-C51/Amazonia-1 Mission

Salaar Movie Prabhas: Release Date, Cast, Poster, Heroine - Confirmed! Another blockbuster from KGF makers?

Big insurance offers! 80-100 per cent discounts - All you need to know about renewal of health policies

Homebuyers alert! Avoid real estate troubles by knowing these top 5 things before buying flat in 2021

Mann Ki Baat Latest Episode: What all PM Narendra Modi said in his popular radio programme today - Know here

'Improved economic environment to boost FY21 credit growth'

Successful! Indian rocket PSLV puts Brazil's Amazonia-1 satellite into orbit

Apple, Croma join hands on Steve Jobs' birth anniversary

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved