Dec 18, 2019

Women won't see equal pay for another 257 years, report says

Illustration: Aïda Amer/Axios

Women around the world aren't expected to see equal pay until 2277 at the current rate of change, according to findings from the Global Gender Gap Report 2020, which measured the gender gap from 153 countries across economics, politics, education and health.

The big picture: Though the report says that women in the U.S. are "relatively well-represented" in high management roles, the global economic gender gap is expected to widen for several reasons: Women are highly represented in jobs being displaced by automation, aren't entering professions with high wage growth and spend more time than men in caretaker and volunteer roles.

The findings: It would take almost 100 years to close the broader gender gap across economics, politics, education and health for the participating countries. In terms of just equal pay, it would take longer — 257 years, up from 202 years since last year's report.

  • The U.S. dropped two spots on the gender parity rankings since last year, falling to 53rd.
  • Iceland was recognized as the most gender-equal country for the 11th year in a row.
  • Yemen ranked lowest on the list.

Go deeper: IMF looks to reframe women's equality

Go deeper

Updated 10 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Over 500 schools in South Korea have either closed or postponed reopening, according to the Korea Times, which cites data from the Ministry of Education.

Why it matters: South Korea has been a model for how to handle the novel coronavirus, and the closures reportedly followed concerns from parents and teachers over child safety. The country's confirmed death toll has plateaued at 269 over the past few days, with few increases, per Johns Hopkins data.

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 5,877,503— Total deaths: 362,731 — Total recoveries — 2,464,595Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 1,735,971 — Total deaths: 102,286 — Total recoveries: 399,991 — Total tested: 15,646,041Map.
  3. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  4. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  5. Supreme Court: Senators Grassley, Leahy urge Supreme Court to continue live streams post-pandemic.
  6. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  7. 🚀 Space: How to virtually watch SpaceX's first crewed launch Saturday.

Trump to end Hong Kong’s special trade status

President Trump. Photo: Win McNamee/Getty Images

President Trump announced on Friday that the U.S. would be fundamentally changing longstanding policies toward Hong Kong as a result of Chinese encroachment on the city's autonomy.

Why it matters: Trump said he would be effectively ending the special trade status that has allowed Hong Kong to flourish as a gateway to the Chinese market. That leaves an uncertain future for businesses that operate in Hong Kong, not to mention the city's 7 million residents, and could be met with reprisals from Beijing.