Economic gender gap may take 118 years to close: WEF

    Economic gender gap may take 118 years to close: WEF

    Nov 19, Berlin: The World Economic Forum (WEF) said that it would take another 118 years to close the gender pay gap between men and women.

    According to a data from the WEF's Global Gender Gap, women are only now earning the amount that men did in 2006. It said progress on closing the gap has stalled in recent years at a time when more women are entering the workplace. Nearly a quarter of a billion more women are in the global workforce today than a decade ago.

    In several countries, more women are now going to university than men but - crucially - this is not necessarily translating into more women occupying skilled roles or leadership positions, BBC news reported.

    The WEF report looks at whether men and women have the same rights and opportunities in each country in four areas: health, education, economic participation and political empowerment.

    Nordic countries are still doing the most to close the gender gap overall, just as they were 10 years ago. They may not have achieved total equality, but Iceland, Norway, Finland and Sweden occupy the top four rankings out of 145 countries.

    "They have the best policies in the world for families," says the report's lead author, Saadia Zahidi. "Their childcare systems are the best and they have the best laws on paternity, maternity and family leave."

    After the genocide there, a special effort was made to bring more women into politics. Now 64 percent of its parliamentarians are female. The country also has more women in its labour force than men, WEF said.

    The Oslo Times


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