The world is changing at a rapid pace, and the way we work, live and do business has changed along with it. Many changes have been obvious—increases in remote work, online business and flexible work schedules—while others have been subtle shifts toward what many are calling the New Normal.
For women, however, the COVID-19 pandemic has created a unique situation, turning the status quo on its edge. The economic uncertainty in the wake of lockdowns around the world have been labeled a ‘she-cession,’ with more women—especially women of color—being negatively impacted by the current recession. The gender pay gap alone will cost the average woman $900,000 over a 40-year career when compared to the average earnings of a man, and those numbers are much worse for minorities.
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