Based off the reading in section 4.1 answer the following question.

How does the wage gap between women and men factor into the change in supply and demand in this case?

Section 4.1 reading:

Early in 2020, China reported a new corona virus strain, COVI D719. This VII'US spread quickly, had no established treatment, and the death rate for COVI 0719 appeared higher than other viruses. COVlD-19 spread worldwide and led to a global pandemic. Nations made decisions that upended the normal rhythms and routines of everyone's life in order to save lives Many are of the woitd, including the U.S., shut down all but essential businesses for a period of time. This included schools, restaurants, childcare centers, some medical practices, and most retailers. n the US, shutdowns primarily began in mid7March and gradual reiopenings began in May. Some people shifted to working from home. Others lost jobs and unemployment surged to 15% April. Some lost jobs temporarily but many lost iobs permanently. The pandemic aected women in the workforce in a unique way Womenidominated Industries, such as hospitality, childcare, entertainment, and some parts of healthcare experienced steeper declines in employment than other sectors of the economy Women experienced more job losses proportionally, and many women's duties at home increased. Caring for children du o the closure of schools and childcare centers required more parental time and attention. Women assumed these duties in most families. The Bureau of Labor Statistics (BLS) calculates unemployment by dividing the total number of people unemployed by the total workforce (the number of the people employed plus those ooking for jobs). If someone is no longer looking for a job, they do not count in the denominator of the calculation and, thus, unemployment is lower. n September 2020, the monthly jobs report showed a decline of unemployment; the rate was now 7.9%. Women opting out of the workforce caused a significant portion of this decline. In September 2020, 1.1 million people left the workforce and were no longer counted as part of the denominator of the unemployment calculation. Of that 1.1 million, 800,000 or 73% were women. Women generally earn less than men. In fact, the average woman's salary is 18% lower than the average man's salary. Thus, in families with two incomes, most of the time the woman earn: ess than the man The lower income earned by the woman incentivizes her to leave the workforce over the man when a family experiences additional needs at home, such as during the pandemic. ln the long run, this trend could further exacerbate the wage gap. When a woman, who has lelt the workforce, decides to reenter it, it is hard to secure a posmon at the same status and earnings level. Those who leave the work force likely re-enter in a lower level position with less pay. This exacerbates the gender wage gap. Time will tell how the pandemic effec he dynamics of wages and workforce gender composition