Pakistan is better than India in Fair wage
India is not able to move past Pakistan in the fair wage distribution
India is not able to move past Pakistan in the fair wage distribution. Out of 82 countries, India ranks 79 while Pakistan ranks 76 in the equitable wage distribution, said World Economic Forum’s Social Mobility Report 2020.
The first four positions were Belgium, Finland, Denmark, and Slovenia. The report, which was released ahead of the WEF’s 50th annual meeting, also placed India among the five countries that are likely to gain the most from a better social mobility score. According to it, the country needs to take some measures “necessary for creating societies where every person has the same opportunity to fulfill his potential in life irrespective of socioeconomic background.”
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According to a report, women are underpaid than their male counterparts. The survey 783 second-career women from different sectors across India, around 69 percent of women, anticipate a pay cut on re-entry post-pregnancy. It leads to women joining the work after a leave suffers from wage and hiring disadvantages.
Oxfam’s India head Amitabh Behar has also said the “sexist” economies are fueling the inequality crisis. The wealthy accumulated at the expense of ordinary people and particularly poor women and girls. “Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist,” said Amitabh Behar.
He further stated, women and girls put in 3.26 billion hours of unpaid work every day. That sums up to at least Rs19 lakh crore (Rs41.28 trillion) contribution of women to the Indian economy. According to Amitabh Behar, the gap between rich and poor can only be resolved with “inequality-busting policies and women; girls are among those who benefit the least from today’s economic system.”