FORUM: “Pay of the Future: Solutions to close the Gender Pay Gap.” International Equal Pay Day 2024. The Gender Pay Gap remains critical, with women earning about 20% less than men globally. During the day, we will celebrate achievements and discuss the challenges on the way to achieving equal pay as well as provide an opportunity for you to make a new equal pay pledge. Across all regions, women are paid less than men, with the gender pay gap estimated at around 20% globally. Gender equality and the empowerment of women and girls continue to be held back owing to the persistence of historical and structural unequal power relations between women and men, poverty and inequalities and disadvantages in access to resources and opportunities that limit women’s and girls’ capabilities. Progress on narrowing that gap has been slow. While equal pay for men and women has been widely endorsed, applying it in practice has been difficult. The Sustainable Development Goals (SDGs) promote decent work and economic growth by seeking full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. Mainstreaming of a gender perspective is crucial in the implementation of the 2030 Agenda for Sustainable Development. Achieving equal pay is an important milestone for human rights and gender equality. It takes the effort of the entire world community and more work remains to be done. Follow the conversation with the hashtags #EqualPayDay, #GenerationEquality, #SDG5, #EqualPay and #18September.
EVENTS: You are invited attend a High-Level Pledging Event to mark International Equal Pay Day 2024 on September 18th, from 5:30 to 7:30 pm EDT organized by the Equal Pay International Coalition (EPIC), which is led by the International Labour Organization , the UN Women, and the Organization for Economic Cooperation and Development (OECD). The participants are invited to share lessons learned and good practices that can be adapted and applied to different contexts. The event will also highlight multi-stakeholder and whole-of-society approaches that are effecting change, in line with the reinvigoration of multilateralism seen at the Summit of the Future 2024. Register to participate!
PUBLICATIONS: Why Women Earn Less: Gender Pay Gap and Labour Market Inequalities in East and Southern Africa (UN Women); Women in Business: How Employer and Business Membership Organizations Drive Gender Equality (IOE-ACT/EMP); Understanding the Gender Pay Gap.
INFOGRAPHICS: Eliminating the gender pay gap can provide incentives for more women to be economically active, which would advance gender equality and create a virtuous circle.
Studies have linked
increased labour participation rates of women with higher levels
of GDP. The ILO estimates that reducing the gap in participation
rates between men and women by 25 per cent by the year 2025,
could raise global GDP by 3.9 per cent, or US$5.8 trillion.
High Income Countries - Mean gender pay gaps using monthly earnings, selected countries by income group.
Upper-middle income - Mean gender pay gaps using monthly earnings, selected countries by income group.
Lower-middle income Countries - Mean gender pay gaps using monthly earnings, selected countries by income group.
Low income Countries - Mean gender pay gaps using monthly earnings, selected countries by income group.
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