Gender Pay Gap Costs the Global Economy $160tn, Says World Bank Study

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Equal pay, equal hours and equal participation in the workforce could lead to a global wealth jump of $23,620 a person, as well as creating knock-on benefits such as lower malnutrition and child mortality rates, said the report. Using data from 141 countries, economists analysed the potential skills, education, training and future worth of each person in the workforce, then compared those so-called “lifetime earnings” to generate estimated global losses……..

FULL ARTICLE: https://www.theguardian.com/global-development/2018/may/31/gender-pay-gap-costs-global-economy-160tn-world-bank-study

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Direct Link to Full 28-Page 2018 World Bank Report:

https://openknowledge.worldbank.org/bitstream/handle/10986/29865/126579-Public-on-5-30-18-WorldBank-GenderInequality-Brief-v13.pdf?sequence=1&isAllowed=y

 

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