Gendered social norms held back the Philippines’ economic growth as it prevented more women from participating in the labor force, said a World Bank report released. | JMangaluzINQ
Moreover, the World Bank found that women perform better than men in the workforce. However, women are clustered in low-ranking and low-paying jobs. On average, women’s wages are 5 percent higher than men, but at the bottom of pay distribution, men’s daily wages are 50 percent higher than women’s.
“Women’s earning disadvantage is partly due to their desire to work in jobs that offer more flexible hours and work arrangements but offer lower returns for their qualifications,” said the World Bank. Also, many of them are held back from productive employment opportunities by their family responsibilities and
“Closing the gender gap in the labor market offers a valuable opportunity to reduce income inequality generally in the Philippines,” it said. This will require furthering women’s economic empowerment through policies such as supporting more flexible work arrangements, scaling up efforts to reskill and upskill women to help them secure more productive jobs, encouraging firms to expand opportunities for women who want to reenter the labor market, empowering women entrepreneurs in e-commerce, and addressing traditionally gendered norms and childcare challenges,” recommended the World Bank.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank: Philippines made significant progress in cutting poverty, but inequality remains highThe Philippines has made significant gains in reducing poverty, but income inequality remains high with the super-rich capturing a substantial portion of the national income, multilateral lender World Bank said in its latest report.
Read more »
Philippines’ wealth gap widens despite reduced poverty – World BankThe World Bank report found that the Philippines’ middle class population has expanded to nearly 12 million people, while the “economically secure” has risen to 44 million.
Read more »
Kulitan ng 'Running Man Philippines' cast, pinusuan ng netizensOn and off cam, walang makakapigil sa kakulitan ng ating mga celebrity Runners! 🤣 RunningManPH
Read more »
Alternergy, Shell partner to jointly develop offshore wind potential in PhilippinesRenewable energy company Alternergy Holdings Corp. and Shell Overseas Investment B.V. have forged a partnership to jointly explore and develop the country’s offshore wind energy potential.
Read more »