It will be decades before women will start earning pay equal to men, according to new findings.
In a world full of hard working women, moms and women’s rights, women still don’t earn as much as men and probably won’t for at least 75 years. It’s sad but true, according to a recent report by Oxfam. The gender gap in education has been closing, but gaps in pay, employment and political participation have stagnated and in some cases even widened.
Discrimination plays a role, as does the fact that women are more involved in low-wage industries.
The biggest contributor to this, according to the report, is that women are more likely than men to do unpaid care work like taking care of children or the elderly. So it makes it harder for them to join the workforce.
Did you know that women basically donate two to five hours of unpaid work per day to the global economy? Women are also more likely to get part-time work instead of full-time. They are therefore discriminated against and given the worst jobs.
Would it ever happen that policy makers start to consider all the unpaid care work as having a broad economic benefit? If they did, and they should, it would actually boost gross domestic product by 9 percent in the U.S., according to Oxfam.