World Economic Forum claims gender pay gap ‘may take 118 years to close’

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Logo of the world economic forum on a glass window with a clear blue sky in the background, symbolizing global personnel management strategies.

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It will take another 118 years, or until 2133, until the global pay gap between men and women is finally closed, the World Economic Forum has said.

Women are only now earning the amount that men did in 2006, data from the WEF’s Global Gender Gap report says.

It says progress on closing the gap has stalled in recent years at a time when more women are entering the workplace.

In fact, nearly a quarter of a billion more women are in the global workforce today than a decade ago.

In several countries, more women are now going to university than men but this is currently not leading to more women occupying skilled roles or leadership positions.

The WEF report looks at whether men and women have the same rights and opportunities in each country in four areas: health, education, economic participation and political empowerment.

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