Mona Ramamurthy | Why Is the Gender Pay Gap Still Existent?

Amid petitions for gender equality and females working in many prior male-dominated markets, the gender pay gap is still very much existent. With all the progress that has been made in the past decade, one might wonder why this issue hasn’t been solved fully yet and why it is still a relevant topic. There are many factors that play into this, the pandemic being one of them, as it recently added another estimated 36 years to the World Economic Forum’s expected timeline of the pay gap closure. This means that, as of 2021, the global gender pay gap isn’t estimated to be gone for 136 years. Written below is a snippet of why this is so.

Many of the top-paying industries still happen to be male-dominated, which significantly
contributes to this existing gap. Some of the highest-paying industries include investment
banking, portfolio management, sports teams, electronic computer manufacturing, and other investment-related niches. When taking a closer look into these industries, it is clear to see that men make up the majority of their workforce.

Read the full blog here.