23 December 2016 Current Affairs: Recently released Global Wage Report 2016-17 released by the International Labour Organisation (ILO) has found that India suffers from huge gender pay gap. It shows that India has among the worst levels of gender wage disparity (men earning more than women in similar jobs) with the gap exceeding 30%.
Singapore has among the lowest gender wage disparity at 3%. Among major economies, South Korea only fared worse than India, with a gap of 37%.
India’s position: In India, women formed 60% of the lowest paid wage labour, but only 15% of the highest wage-earners. It means that women are not only poorly represented in the top bracket of wage-earners but also gender pay gap at the bottom is also very wide in India. In other words, not only were women paid less, there were fewer women in highly paid occupations.
International Labour Organisation (ILO) : The ILO is a United Nations agency dealing with labour issues, particularly international labour standards, social protection, and work opportunities for all. It was established in 1919 as an agency of the League of Nations and is headquartered in Geneva, Switzerland.