Women represent 70% of the 1.3 billion people in the world who live below the poverty line. Over 650 million women are illiterate. 121 million children are not in school the world over and 60% of them are girls. Women perform 66% of the world's work, produce 50% of the food but earn 10% of the income and own 1% of the property. The source of the gender gaps is an "unconscious but pervasive bias", an "arbitrary and subjective" evaluation process, and an anachronistic social pressure - a historic system which bases child-rearing and family responsibilities on the concept of a professional spouse with a stay-at-home "wife". Women are paid less, promoted more slowly, receive fewer honors, and hold fewer leadership positions. Women make up about half the world's workforce, but they still make 77 cents for every dollar a man earns. In tech women are a bit better placed with 81 cents to a dollar. An October 2012 study by the American Association of University Women found that over the course of a 35-year career, an American woman with a college degree would make about $1.2 million less than a man with the same education. Therefore, closing the pay gap by raising women's wages would have a stimulus effect that would grow the U.S. economy by at least 3% to 4%. Women’s continued under-representation in the upper echelons of most high-status work environments constitutes a significant stall in progress towards gender equality. This is the space where our programs are impactful. Our programs are a congruence of social, economic and intellectual potential of women. We believe that unless these aspects are managed together; the impact to women is not long lasting.
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