The global gender pay gap is slowly closing – when will we see equality?
Despite the economic and social roadblocks during and following the COVID-19 pandemic, industries across the globe are continuing to work toward gender parity as employees return to the workforce. According to the World Economic Forum’s Global Gender Gap Index, the global gender gap has been closed by nearly 70% in 2022. At this current rate, the gap is set to be completely closed in 132 years. While this may sound like we still have a long way to go, advancements in policy and culture are increasing progress in every sector, every day.
Traditionally a male-dominated field, construction has shown to be one of the leading industries in closing the gender pay gap. According to a 2019 U.S. Bureau of Labor Statistics report, the construction industry led the way with the narrowest pay gap between men and women – with female construction workers earning 94.3% of their male counterparts’ wages. This was more than 10% higher than Education services and more than 20% higher than Healthcare and social assistance.
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