Australia Gender Bias Costs Economy $80 Billion, Taskforce Says
- Report argues Australians need 52 weeks paid parental leave
- Firms will be forced to reveal their gender pay gaps from 2024
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Australia needs urgent legislative changes to end economic inequality between men and women, a government taskforce found, highlighting the problem costs the economy A$128 billion ($80 billion) a year.
Women who have at least one child earn A$2 million less over their lifetime than male counterparts, a report released by the taskforce in Canberra on Monday showed. Chaired by businesswoman Sam Mostyn, it issued a suite of immediate and long-term recommendations, including boosting government-funded parental leave.