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Ellevest Co-founder and CEO Sallie Krawcheck Photo: Axios screenshot

The gender wealth gap has been growing during the coronavirus pandemic, Sallie Krawcheck, co-founder and CEO of financial service company Ellevest, said at an Axios event on Wednesday.

Why it matters: Women have had to deal with a disproportionate amount of job loss during the pandemic because they're more likely to have jobs deemed essential, Krawcheck noted.

  • Krawcheck said women working during the pandemic are also struggling with microaggressions and misogyny even more during the "Zoom era."
  • "Women are finding all of the microaggressions of the workplace are really being amplified in a Zoom era when I can't even catch my bosses eyes to let him know I want to speak and have him help me make point," she said.

The bottom line: "The gender wealth gap going into the pandemic was 32 cents to a man's dollar and moving backward, and this is now accelerating."

Go deeper

Updated Sep 1, 2020 - Politics & Policy

Rock the Vote event highlights women's suffrage in push to register new voters

House Speaker Nancy Pelosi during a press conference on Capitol Hill Thursday. Photo: Lenin Nolly/NurPhoto via Getty Images

Female office-holders stood on the shoulders of suffragettes at a virtual Rock the Vote event Monday celebrating a century of progress since the 19th Amendment passed, but demanding more action to achieve equality.

Driving the news: That's what House Speaker Nancy Pelosi (D) and other speakers noted at Monday night's event. Pelosi also celebrated "the most diverse caucus in history, over 60% women, people of color and LGBTQ."

Ben Geman, author of Generate
31 mins ago - Energy & Environment

Pipeline hack spotlights cyber risks to energy systems

Illustration: Aïda Amer/Axios

The ransomware attack against the Colonial Pipeline — the massive East Coast gasoline artery — is a stunning real-world example of the increasing risks that the energy sector faces from a cyberattack.

Why it matters: Different parts of the vast American energy system are vulnerable — from pipelines to power grids to individual power plants and plenty in between.

33 mins ago - Technology

Scoop: TikTok launching jobs service for Gen Z

Illustration: Aïda Amer/Axios

TikTok is testing a tool for brands to recruit employees, sources tell Axios.

Details: The pilot program is designed to help people find jobs on TikTok and connect with companies looking to find candidates. It's also meant to help brands use TikTok as a recruitment channel.