Women in the City are less likely to be top earners than before the Covid pandemic, according to new research from the London School of Economics. The Telegraph has more.
Men are more than four times as likely as women to be among those with very high incomes, with women making up only 19.4% of the top 1% of earners, according to research by the London School of Economics and Political Science (LSE).
This compares to 19.7% pre-pandemic.
The United Nations warned during the pandemic that COVID-19 was likely to set gender equality back by decades, with women more likely to be in lower paid work than men, more likely to be the head of single parent households and more likely to take on unpaid domestic work.
“I feel I’ve been thrown into the role of a housewife that I don’t want to do,” one professional woman told researchers at the University of Sussex during the crisis. …
The economist Catherine Mann, a rate setter at the Bank of England, suggested in 2021 that women were more likely to be home workers than men and were at risk of suffering from “two tracks of employment”, where those in the office were promoted more than those doing their jobs remotely.
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