A woman would have to be born in the year 2255 to get equal pay at work

women office

(Credit: Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Rosamond Hutt, Senior Writer, Formative Content

  • While the overall gender gap has narrowed, the latest figures show the economic gender gap has widened.
  • It will be 257 years before men and women have pay equality.
  • The report finds a 2% increase in the number of women in senior roles, but women’s participation in the labour market is stalling and financial disparities are growing.

It’s the year 2277, and women have finally achieved equal pay at work.

This sounds startling – but it may be the reality.

The World Economic Forum’s Global Gender Gap Report 2020 says men and women will have pay equality in 257 years, 55 more years than the estimate in the previous edition.

While the overall gender gap across politics, education, health and work has narrowed, the latest figures show the economic gender gap has widened – though it’s still better than it was in 2006 when the World Economic Forum began measuring the global gender gap.

A small step back

Why is the world regressing on this important measure of gender equality?

Although the report finds a 2% increase in the number of women in senior roles, it says women’s participation in the labour market is stalling and financial disparities are growing, which explains the widening of the economic gap.

Currently, only 55% of adult women are in the labour market, compared to 78% of men. Meanwhile, more than 40% of the wage gap and 50% of the income gap still need to be closed.

Workplace Gap, Global Gender Gap Report 2020
Less than half of the global labor force are women.
Image: Global Gender Gap Report 2020, World Economic Forum

Worldwide, the average woman’s annual income is $11,500, versus $21,500 for a man.

To make matters worse, in many countries a lack of access to capital, land or financial products prevent women from making a living.

There are many factors behind the disparity in earnings and career opportunities. They include women choosing lower-paid occupations, working part-time, the “motherhood penalty,” doing most of the childcare and household chores and, not least, discrimination and bias.

Gaps at the frontiers

In the rapidly changing world of work, another major obstacle to closing the economic gender gap is the under-representation of women in the most in-demand occupations.

Based on a new analysis produced in collaboration with LinkedIn, the report looks at emerging gaps at what it calls “the frontiers of the new economy,” where employment and wage growth are rising rapidly.

Here, women outnumber men in just two of eight job clusters, “content production” and “people and culture.”

Only 12% of professionals in “cloud computing” are women, 15% in ‘engineering” and 26% in “data and artificial intelligence.”

Future of Jobs, Global Gender Gap Report 2020
Women outnumber men in just two of eight job clusters, “content production” and “people and culture”.
Image: Global Gender Gap Report 2020, World Economic Forum

In order to tackle the economic gender gap, leaders will need to do more to equip women for the professions of the future, through continuous upskilling or reskilling, along with diversifying hiring and creating inclusive work cultures.

“Supporting gender parity is critical to ensuring strong, cohesive and resilient societies around the world. For business, too, diversity will be an essential element to demonstrate that stakeholder capitalism is the guiding principle.

“This is why the World Economic Forum is working with business and government stakeholders to accelerate efforts to close the gender gap,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

COVID-19: Commission creates first ever rescEU stockpile of medical equipment

How energy infrastructure is shaping geopolitics in East Asia

Samoa measles outbreak claims 70 lives, majority are children under five

Refugee crisis: Commission proposes a new plan urging EU countries to help Italy

Infrastructural and system barriers to Universal Health Coverage: get in my patient’s shoes

Cancer research put at risk by General Data Protection Regulation? The possible dangers of a data privacy EU mania

These are America’s most dangerous jobs

Trade protectionism and cartels threaten democracy

Greta Thunberg tells world leaders ‘you are failing us’, as nations announce fresh climate action

Assassinations in Ethiopia amidst regional ‘coup’ attempt, condemned by UN chief

This farmer is saving the jungle by growing food in it

European Business Summit 2014 Launch Event: “Energising Industrial Growth”

Korea should adapt its migration programmes to ensure continued success in the face of expected challenges

Asia-Pacific showing ‘decisive leadership’ on road to 2030 Sustainable Development Goals, deputy UN chief tells key forum

This AI-powered app aims to help people with autism improve their social skills

‘Climate change is the battle of my life’, UN chief tells students living on the frontline in Fiji

EU Budget 2019: MEPs increase funding on youth, migration and research

Syria: Thousands of children ‘hemmed in’ by ‘brutal and gratuitous’ spike in violence

5 priorities for leaders in the new reality of COVID-19

More bank bailouts at taxpayers’ expenses

Diana in Vietnam

Mosquitoes kill more people every day than sharks do in a century

Is a full course lunch, a new Commissioner and 2 million anti-TTIP citizens what you would call a “Fresh Start”?

Leaders making these 5 key investments can shape an inclusive future

We need to talk about how we define responsibility online – and how we enforce it

A silent killer: the impact of a changing climate on health

Irish Presidency: Not a euro more for EU budgets

Mobility package: Parliament adopts position on overhaul of road transport rules

Transparency is key to inclusive employment and government integrity

EU-US Privacy Shield data exchange deal: US must comply by 1 September, say MEPs

A Sting Exclusive: “Delivering on the Environmental Dimension of the new Sustainable Development Agenda”, Ulf Björnholm underscores from UNEP Brussels

“ASEM: Global Partners for Global Challenges”, a Sting Exclusive by China’s Ambassador to the EU

Why social working cultures are happier and more productive

MEPs condemn attacks on civilians, including children, in Yemen

Medical workforce migration in Europe – Is it really a problem?

Mali peace process in a ‘critical phase’, says head of UN Mission

London wants to treat violent crime like a disease

“If the job market doesn’t exist, then even the most brilliant Youth Guarantee cannot ensure a job to these young people”, European Youth Forum Secretary General Giuseppe Porcaro on another Sting Exclusive

Greener economies and investment to reduce unemployment and increase global growth

5 surprising ways to reuse coffee grounds

UN rights chief urges ‘immediate dialogue’ to end Chile unrest

One-third of young people still optimistic despite COVID’s dramatic hit on education and jobs

UN rights chief ‘strongly condemns’ attack on Indian security forces in Kashmir

Almost all businesses expect to face a crisis. And how they deal with them really counts

The metamorphosis of the categorical imperative in medical students

EU Migrant Crisis: Italian Coast Guard Headquarters and Italian Navy to give host national opening addresses at Border Security 2016 in Rome

The health of the human being in coexistence with a transformative biosphere

Force used against protestors in Gaza ‘wholly disproportionate’ says UN human rights chief

5 technologies that will forever change global trade

The Syrian knot cannot be cut without devastating consequences

EU@UNGA 74: Working towards a more peaceful, secure and prosperous world

European Citizens’ Initiative: Commission registers ‘End the Cage Age’ initiative

Banks get trillions and the unemployed ECB’s love…

Burnout is a pandemic. Why don’t we talk more about it?

Why business can no longer turn a blind eye to poor vision

5 ways to bridge the global health worker shortage

The Mobile World Congress in Shanghai will take place on 27-29 June 2018

China’s New Normal and Its Relevance to the EU

Japan’s holiest shrine is pulled down and rebuilt every 20 years – on purpose

5 unexpected ways bicycles have made the world a better place

More Stings?



  1. You share nice information in this article. learn new things from it.

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s