A new report finds that women will not reach the same level of pay as men for another 75 years.<\/p>\n
The report, published by Oxfam, and developed in collaboration with the Heinrich B\u00f6ll Foundation, assessed G20 countries across a number of gender-related policies.<\/p>\n
G20 and gender equality – how the G20 can advance women\u2019s rights in employment, social protection and fiscal policies – shows how the G20\u2019s growth ambitions cannot be realised without policies addressing systemic discrimination and economic exclusion of women.<\/p>\n
South Africa is a member of the G20 group of countries, which includes the UK, the US, Germany, China, Argentina, Australia, South Korea, and Russia, among others.<\/p>\n
Oxfam’s executive director Winnie Byanyima said that across G20 countries and beyond, women were paid less than men, did most of the unpaid labor, were over-represented in part-time work and were discriminated against in the household, markets and institutions.<\/p>\n
Depending on the country context, Oxfam said that an extra 20% – 60% would be added to the GDP of individual G20 countries if the hidden contribution of unpaid work \u2013 such as caring for children or carrying out housework \u2013 was recognised and valued.<\/p>\n
\u201cMeanwhile, if women\u2019s paid employment rates were the same as men\u2019s, the USA\u2019s GDP would increase by 9%, the Eurozone\u2019s by 13% and Japan\u2019s by 16%,\u201d Byanyima said.<\/p>\n
She said the absence of women\u2019s rights drove poverty, while their fulfillment could drive development.<\/p>\n
South Africa\u2019s massive wage gap<\/strong><\/a><\/p>\n