It is still not equal.
COVID-19 cost women globally over $800 billion in lost income in one year.
Women's lost income in 2020 totaled the combined wealth of 98 countries
The COVID-19 crisis cost women around the world at least $800 billion in lost income in 2020, equivalent to more than the combined GDP of 98 countries, said Oxfam today.
Globally, women lost more than 64 million jobs last year —a 5 percent loss, compared to 3.9 percent loss for men.
"Economic fallout from the COVID-19 pandemic is having a harsher impact on women, who are disproportionately represented in sectors offering low wages, few benefits and the least secure jobs. Instead of righting that wrong, governments treated women’s jobs as dispensable —and that has come at a cost of at least $800 billion in lost wages for those in formal employment”, said Gabriela Bucher, Executive Director of Oxfam International. ( Oxfam, April 2021)
Globally, women account for roughly 70% of the health- and social-care workforce, which often includes essential but low-wage jobs. In the U.S. specifically, more than 22.2 million people work in the 40 lowest-paying industries, with women making up 64% of this workforce, according to the National Women’s Law Center. These low-wage jobs, which NWLC identifies as positions that typically pay less than $12 an hour, include waitresses, cashiers, child-care workers, housekeepers, home health aides and hotel clerks.
In addition to women being overrepresented in low-wage roles, some of which have been disproportionately cut during the pandemic, women are also leaving the workplace at an alarming rate. Between February 2020 and February 2021, more than 2.3 million women in the U.S. left the labor force, compared to around 1.8 million men, reports NWLC.
Source :Oxfam Internacional
Pic by @luwadlinbosman
Curator by @munllonch
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