Data from the World Economic Forum shows it will still take 132 years to reach global gender equality in general.
– which exacerbated inflation as commodity prices soared – kept many girls and women out of school and work, it added.
Rising childcare costs outpacing income growth “is a significant barrier preventing women from getting into, remaining, and progressing in the labor force,” Gosai said. 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. Europe’s largest asset manager Amundi, which has 1.93 trillion euros under management, said in an emailed response that it monitors the pay gap between men and women in equivalent positions. It has engaged with hundreds of companies on the protection of employees and on human rights, it said.
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