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Gender pay parity is 202 years away, WEF says

The world barely moved the needle when it comes to closing the gender gap, according to the World Economic Forum’s Global Gender Gap Report 2018.

Based on the latest data it would take 108 years to see an equal number of male and female executives in the boardroom. The report also finds that true gender pay parity is still 202 years away. In 2018 the United States took a few steps back and fell two notches to 51st, out of the 149 countries measured.

Here's how the gender pay gap in the U.S. compares to other countries.
Here's how the gender pay gap in the U.S. compares to other countries.

This year’s report suggests we’re seeing a decline of women represented in politics. Across the 149 countries measured by the WEF report, only 17 of the heads of state are women, and 18% of ministers and 24% of parliamentarians globally are women. Concurrently, a positive sign is that more women are assuming leadership roles, at 34% globally. However, one finding that has experts worried is that fewer women than men are participating in the workforce.

The report indicates that artificial intelligence may have a disproportionate impact on roles traditionally performed by women. Another challenging aspect is that there are fewer women in growth areas of the labor market because they may not have access to education to get the skills they need in science, tech, engineering and math (STEM). Another possible roadblock is that women may not have the support they need to go back to work because of childcare and eldercare responsibilities. For those looking for the pinnacle of gender of equality so far, they will have to move to the Nordic countries: Iceland, Norway, Sweden, Finland are in the top four of this year's WEF list, with Nicaragua coming in at number five.

Iceland is leading the way when it comes to gender parity.
Iceland is leading the way when it comes to gender parity.

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Lulu Chiang is a senior executive producer at Yahoo Finance.

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