CURRENT AFFAIRS

Detailed explanation-1: -Even when women advance to higher paying jobs in management, the gender pay gap is frequently found. Figure 2 shows that the gap ranges between a high of 43 per cent in Honduras to a low of zero in Albania, El Salvador and Thailand.

Detailed explanation-2: -Iceland has once again been named the most gender equal country, topping the World Economic Forum’s Global Gender Gap Report 2022. The Nordic country has closed more than 90% of its gender gap – and tops the ranking for the 12th year in a row, out of a total of 146 economies in the 2022 Global Gender Gap Index.

Detailed explanation-3: -The issue of a gender pay gap is persistent across countries and cultures all around the world, though some countries have been making strides in reducing the gap over the last 50 years. Iceland has the lowest gender pay gap, followed by Norway, Sweden, and Finland.

Detailed explanation-4: -Indian women earned, on an average, 48% less compared to their male counterparts in 1993-94. Since then, the gap declined to 28% in 2018-19 as in the labour force survey data of the National Sample Survey Office (NSSO).