Income parity is the people's rights concept that everyone should receive the same pay for the same amount of work. In order to guarantee these underlying individual rights, many labor rights have been defined. However, even though these labor rights have long been established, the situation remains problematic due to the income gap between women and men. A low percentage such as 3-4% would incentivize work for work's sake, but the severe income disparity seen in many countries is causing global concern. Although the IMF has indicated that "increasing inequality should not be considered an indicator of economic decline", economists and scientists fear that such income disparity could cause a social, political and economic problem. Aware of the need to narrow income disparities, the ILO (International Trade Union) created a Convention on Equal Pay whose aim is to widen the income gap between men and women. The role of the Equal Pay Convention is to establish international laws, regulate discrimination related to gender, gender and many other factors, and take positive action to combat this problem . Its ineffective measures to reduce the income gap between men and women clearly suggest the need for more precise and concrete measures. Income parity between men and women would imply that, over a period of time, men and women are equally respected in a society. Definition of key terms Horizontal occupational segregation: Horizontal occupational segregation is caused by gender and societal stereotypes. Horizontal occupational segregation shows the number of people of each gender in various occupations. Horizontal segregation is more difficult to change than vertical segregation because society...... middle of paper ... stipulates that the principle of "equal pay for equal work" is properly applied. Despite various measures aimed at reducing the gender income gap, its severity has not changed for more than a decade. Income disparities typically result in variations in living standards within a nation and globally due to income gaps. The income gap is indeed a major problem for improving global development. Recently, statistics clearly show that women earn 77.1% of what men earn in the workplace. According to the MDG targets and indicators, income gender is not only prevalent in the United States, but also extends to the South Asia, West Asia, and Sub-Saharan Africa regions. . Although income disparities between men and women have narrowed in recent years, the ILO (International Labor Organization) says that women's income levels remain lower than men's..