Gender gap is very costly

INTERNATIONAL – Gender inequality in the workplace could cost $160trillion (R2013trln) in lost earnings globally, a World Bank study showed on Wednesday, as pressure to address the pay gap grows.
That represents the difference between the combined lifetime income of everyone of working age in the world today – known as human capital wealth – and what it would be if women earned as much as men.
Investing in women and girls would help to increase the wealth of both high- and low-income states, said the report’s author Quentin Wodon, lead economist with the World Bank Group.
“Everybody would benefit …read more