Technology will exacerbate gender pay gap and impact women more than men: WEF Report
23, Jan 2018 | CJP Team
The Guardian reported that researchers at the upcoming World Economic Forum (WEF) in Davos, Switzerland said that the gap between women and men at work, “in both pay and status” will likely increase unless steps are taken to deal with inequality in high-growth fields like technology. A new WEF report on the future of jobs reveals that the men’s primacy in fields like biotechnology and information technology, along with women being unable to reach the upper echelons of the even the education and health fields is leading to the reversal of gender equality following several years of gains, the Guardian said. The report projects that “57% of the jobs set to be displaced by technology between now and 2026 belong to women”. The WEF’s yearly gender gap report from 2017 found that the gap between opportunities for men and women expanded for the first time since the WEF began collecting data in 2006. The WEF said in 2017 that it would take 217 years for the gap between pay and employment opportunities for men and women to be eliminated. This year’s summit is significant, because it has all-female co-chairs, an effort to raise awareness about gender equality in the business world and society in general.