Of the $21-billion in additional income created by the movement to higher paid sectors over the COVID-19 pandemic, $9-billion or 43% was funnelled to women, the report found
Women have powered a recent shift toward higher-paying and –skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, says a new report.
“But men still made up the majority of the income gains and much of that is likely because the roles that women and men occupy are still different,” said Carrie Freestone, an economist with RBC Economics. “So it appears that there’s a link between having a kid and the fact that you may be less likely to take on a senior management role,” she said.
“High-contact sectors” like hospitality, for example, experienced an exodus of roughly 178,000 employees, when they were forced to close to quell COVID-19, said Freestone. “The majority of people who moved from these sectors into higher paying sectors did have a degree or a college diploma, so a lot of that was potentially women who were overqualified for positions moving into sectors that better fit their level of educational attainment,” said Freestone.
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Women powered pandemic shift toward higher paying jobs, but pay gap persists: RBCWomen have powered a recent shift toward higher-paying and -skilled jobs, but a pay gap will persist until they cease being outnumbered by men in senior management positions, says a new report.
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