Technology will Widen Pay Gap and Hit Women Hardest – Davos Report

Research into jobs finds men’s dominance in IT and biotech is reversing trend towards equality

The gulf between men and women at work – in both pay and status – is likely to widen unless action is taken to tackle inequality in high-growth sectors such as technology, say researchers at this week’s World Economic Forum summit in Davos.

A new WEF report on the future of jobs finds the dominance of men in industries such as information and biotechnology, coupled with the enduring failure of women to rise to the top even in the health and education sectors, is helping to reverse gender equality after years of improvements.

The report estimates that 57% of the jobs set to be displaced by technology between now and 2026 belong to women. According to Saadia Zahidi, the WEF’s head of education, gender and work, this underlines that global efforts to reduce gender inequality in business are stalling.

“We’re really looking at a worsening of inequality, particularly in IT but across all sectors,” Zahidi said. “We are losing valuable opportunity to reduce gender inequality.”

The warning comes at a historic moment in the 47-year history of Davos: for the first time, the annual gathering of the world’s political and financial leaders in the Swiss mountain resort will have all-female co-chairs, in an attempt to increase awareness of longstanding gender and other inequalities in business and wider society.

The seven women chosen to lead the meeting come from all sectors of society: from the head of the International Monetary Fund, Christine Lagarde, to Chetna Sinha, an Indian social entrepreneur focused on micro-finance for female entrepreneurs.

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Source: The Guardian, Retrieved 21 January 2018, https://www.theguardian.com/inequality/2018/jan/21/technology-widen-pay-gap-hit-womens-jobs-hardest-davos-report

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