Gender pay gap could cost the world economy $7 trillion, Moody's says
Publishing timestamp: 2023-03-05 22:07:34
Summary
Moody's Analytics and the World Bank have both reported that closing the gender gap in labor force participation and management in OECD countries could raise global economic activity by 7%, or about $7 trillion. This could be achieved by increasing the productivity of women in the labor force and having a greater share of women in managerial and professional roles. The World Bank also noted that discrimination has kept the gender wage gap in place.
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Keywords: business news, asia economy, world economy, moody's corp,