Several investors and regulators are pushing for corporate diversity, but data from the WEF shows it will still take 132 years to reach global gender equality in general versus a projected 136 years in 2021.
The income and family responsibility disparities, coupled with a higher cost of living for women than men, mean women are at an even greater risk of real wage losses, said Dimple Gosai, head of US environmental, social and governance at BofA.We now fear post-pandemic inflation is threatening to wipe out the progress women have achieved.
Women in developing countries are the most vulnerable. But there are still large pay differences everywhere, even in the world's richest economy, as women and minorities have lower representation in"high-paying" US industries and jobs that are less affected by inflation pressures, such as technology or finance, BofA said.
A push from lawmakers has also encouraged companies to hire more women and name more to their boards.
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