Yellen says COVID-19 having 'extremely unfair' impact on women's income, jobs

Yellen says COVID-19 having 'extremely unfair' impact on women's income, jobs
  • Clock-gray 23:08
  • calendar-gray 08 March 2021

The COVID-19 pandemic has had an “extremely unfair” impact on the income and economic opportunities of women, U.S. Treasury Secretary Janet Yellen said on Monday, calling for long-term measures to improve labor market conditions for women, APA reports quoting Reuters.

Yellen, in a dialogue with International Monetary Fund chief Kristalina Georgieva, said it was critical to address the risk that the pandemic would leave permanent scars, reducing the prospects for women in the workplace and the economy.

She noted that women’s participation in the workforce was already lower in the United States before the pandemic than in Europe, another issue that needed to be addressed.

“I think it’s absolutely tragic, the impact that this crisis has had on women, especially low-skilled women and minorities,” Yellen said, noting that while people at the top of the economic scale had continued to do well, those nearer the bottom, who had already been struggling, had been hardest hit.

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