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Wanted: A Solution to Close the Growing Employment Gap Following the Pandemic
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Unleashing the multiplier effect of women
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“In response to the serious impact of COVID-19 on women’s employment, Latin American and Caribbean countries should redouble efforts to achieve women’s full participation in the economy and the world of work”
by Carlos Felipe Jaramillo, World Bank Vice President for Latin America and the Caribbean
“The coronavirus (COVID-19) pandemic has impacted all aspects of people’s lives. Clearly, no one has escaped its effects, which unfortunately for many people have been dramatic.
“The economic consequences of this crisis have not been the same for everyone, however. The most recent World Bank studies reveal that working women in Latin America and the Caribbean, the region hardest hit by the pandemic, have borne the brunt of these consequences. Compared to men, women had greater job insecurity, lower income and, consequently, less financial independence.
Modern Diplomacy
Published 4 weeks ago
Working women in Latin America and the Caribbean were disproportionately affected by the Covid-19 pandemic compared to men. This fact underscores the need for the countries of the region to adopt measures to prevent the widening of the gender gap in the labor market, which persists despite decades of progress.
Women’s participation in the labor market rose from 41 percent in 1990 to 53 percent in 2019, a significant upward trend that is at risk of reversing in the current context, according to a new World Bank report.
“Women tend to have a more fragile employment situation than men, with jobs in the informal sector, in tasks that require more face-to-face interaction and less remote work, such as trade, personal care or tourism,” said Ximena Del Carpio, World Bank Practice Manager for the Poverty and Equity Practice Group for Latin America and the Caribbean. “In times of crisis, these workers are much more vulnerable to changes in t
World Bank report shows effect of COVID-19 pandemic on women in region
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