$1.6 trillion loses the world to gender pay inequality

A study conducted by the World Bank has analysed living profits in 141 countries that do not equally reward women and men as a fact that causes major losses to the global economy, writes Periscope.

Gender equality would enrich the global economy for $160 trillion if women took what men do for the same jobs, found a study, reports Guardian.

The equal salary, equal hours and equal participation would make global wealth reach $22,620 per person, along with several other benefits, the report says.

Using data from 141 countries around the world, economists analysed potential skills, education, training and the future value of each person as a labor force, then compared the so-called vital “benefits”, which they were told had generated major global losses.

Researchers found that countries have lost an average of 14% of their wealth, the cause of gender inequality. By looking at these 141 countries, which make up most of the world, we could see that everywhere women get less than men. So we calculated that the more wealth there would be, in the world, if women took what men get, at the same pay, and the same working hours,” said World Bank economist and report author Quentin Wodon.

The important message here is that everyone would be reminded of the highest profits no more than women.” /Periscopi