Understanding the Global Gender Pay Gap

A recent World Bank Group report, titled ‘Women, Business and the Law 2024’ revealed that globally, women earn 77 cents for every dollar paid to men, shedding light on the persistent issue of the gender pay gap.

  • The gender pay gap is calculated as the difference between the average wage levels of all working women and men, regardless of their job roles or qualifications.
  • This gap is distinct from the concept of "equal pay for equal work," which focuses on pay parity for individuals with similar qualifications and performing the same tasks.
  • Various methodologies exist for calculating the gender ....
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