Gender pay gap costs global economy $160tn, says World Bank study

Analysis of lifetime earnings across 141 countries suggests failure to reward women and men equally generates huge global loss

Gender equality would enrich the global economy by an estimated $160tn (£120tn) if women were earning as much as men in the workplace, a study by the World Bank has found.

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.

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from World news | The Guardian https://ift.tt/2L9FWXP