Women, given equity, can drive Australia’s economic recovery
In this cross posting from 360info, Unequal workforce participation currently contributes to a gender wage gap, a retirement income gap and greater financial insecurity for Australian women. The pandemic recovery provides an opportunity to address these gaps. Tania Dey, University of Adelaide in Adelaide reports.
Australia will forgo A$60 billion in GDP in the 20 years to 2038 if it fails to improve female workforce participation.
The Australian economy — already facing challenges in its ageing population, low fertility rates and ongoing structural changes — is now confronted by stalled migration in the wake of COVID-19.
