54% of pandemic-related job losses could fall on women, McKinsey_MGI estimates, because they're taking on extra work at home
increasing pay for caregivers and educatorsIt's worth noting that $775 billion might not be enough. The cost of training childcare workers so they're better equipped to educate kids could be particularly high.July 2020 report
The MGI report also predicts that, around the world, 54% of pandemic-related job losses will fall on women, who make up 39% of the global workforce.since the onset of the pandemic. Many schools and childcare centers have been closed, and families have been spending more time at home during lockdowns.
PriceWaterhouseCoopers and TIAA, meanwhile, have expanded benefits for caregivers of children and older individuals, our colleague. PwC added a $2,200 emergency childcare-support fund for employees, $1,000 of which can be applied toward elder-care reimbursement.
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