Gender parity for women in the workplace could take five generations or 134 years to achieve worldwide as a result of ongoing signs of post-pandemic recovery in economies and labour markets.
This was reported by the World Economic Forum based on its Global Gender Gap Report 2024.
According to calculations by the World Bank Chief Economist, Indermit Gill women can greatly boost the struggling global economy by increasing global gross domestic product by 20%; but noted that this can happen only when policies are accelerated and other reforms to remove the many barriers to their progress are made.
He stated this at the launch of the World Bank’s ‘Women, Business, and the Law 2024‘ report earlier this year.
Data from the World Economic Forum, inclusive of data from the World Bank, International Labour Organization, and Linkedin reveals the state of women in the labour market, presenting the gaps and opportunities for improvement.
The World Economic Forum and data from other sources also report the following on women’s participation across industries:
New LinkedIn data reveals that the concentration of female talent in AI engineering has more than doubled since 2016. While women remain underrepresented compared to men in the industry, female participation in sectors like Technology, Information, and Media is on the rise. Gender parity in AI is also improving in the Education, Professional Services, Manufacturing, and Technology sectors.
However, it remains low in AI and big data (30%), programming (31%), and networks and cybersecurity (31%), hindering the closure of workforce gaps.
