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Women lost $800 billion in income

Women lost $800 billion in income

SOPHIA SUN THE COVID-19 crisis cost women around the world $800 billion in lost income in 2020, Oxfam said, as it demanded steps to tackle gender inequality. Women, overrepresented in low-paid, precarious sectors like retail, tourism and food services, lost more than 64 million jobs last year, said the charity, a 5% total loss, compared to a 3.9% loss for men. The pandemic has "dealt a striking blow" to recent gains for women in the workforce, said Oxfam Executive Director Gabriela Bucher, in a written statement. The $800 billion figure, based on International Labor Organisation data, likely underestimates the total…
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