The pandemic risk of widening the economic gap between the sexes, warns the IMF

The economic shock caused by the health crisis affects women more than men because they hold more jobs in the most affected sectors. The covid-19 pandemic

The economic shock caused by the health crisis affects women more than men because they hold more jobs in the most affected sectors.

The Covid-19 pandemic could threaten the progress women have made over the past three decades in narrowing their economic gap with men, IMF Managing Director Kristalina Georgieva stressed in a blog post on Tuesday. The economic shock caused by the health crisis affects women more than men because they hold more jobs in seriously affected sectors, such as services, retail, tourism or hospitality.

“In the United States, the female unemployment rate was two percentage points higher than the male unemployment rate between April and June 2020,” said Ms Georgieva, who will co-sign the bill with three other directors of the Fund. International Monetary. Due to the nature of her work, telecommuting is not an option for many women (approximately 54% of women in the United States and 67% in Brazil).

child care issues

In addition, women tend to do more unpaid housework than men, some 2.7 hours more per day, according to the IMF. “They assume most of the family responsibilities derived from restrictive measures such as school closures,” say the Fund’s administrators. Once the measures are lifted, women will need more time to find a full-time job.

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In Canada, a May employment report showed that women’s employment rose 1.1%, compared with 2.4% for men, due to persistent problems with childcare. Even more tragic, in many developing countries, girls are forced to drop out of school and work to supplement their household income.

positive initiatives on paid holidays

In India, since the restrictions came into force, arranged marriages for girls have increased by 30%. “Without education, these girls suffer a permanent loss of human capital (…) which prolongs the cycle of poverty among women,” denounce the authors.

In addition, “well-designed policies to promote recovery can mitigate the negative effects of the crisis on women and prevent further regression of gender equality,” they write. And a quote from positive initiatives implemented in Austria, Italy, Portugal and Slovenia, where the legal right to (partly) paid holidays for parents with children under a certain age has been established.

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Date Updated: July 22, 2020, 3:58 PM

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Source: newstars.edu.vn

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