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Bookmark or Share- How businesses can achieve the living wage and its benefitsGrowing disparities in income and wealth are leaving people behind, threatening livelihoods and the economic growth cycle. Companies can reduce inequality and build more resilient supply chains by ensuring a living wage for workers for suppliers as well. Providing a baseline living wage has concrete benefits for workers and business.
- Explainer: What is a living wage and how is it different from the ...A globally implemented living wage could generate $4.6 trillion in additional GDP each year through increased productivity and spending, the Forum says. One of the speakers at the event was Hubertus Heil, Federal Minister of Labour and Social Affairs in Germany, where the minimum wage had just been raised from $12.92 to $13.36 an hour. He said ...
- Gender pay gap in sports is huge and it’s not about to closeCristiano Ronaldo is the world’s highest paid athlete with earnings reported to be more than $88 million, including lucrative sponsorship deals and endorsements. By comparison, the highest paid female football player, Alex Morgan, earns around $2.8 million. This is just one example of the huge gender pay gap in sports that persists in sport.
- An economist explains why women are paid lessThere's evidence of a wage penalty for motherhood: all else being equal, there is a negative relationship between a woman’s wage and the number of children she has. According to OECD data, the motherhood penalty amounts to about a 7% wage reduction per child. There is also some evidence of a fatherhood premium: a positive relationship between ...
- Why companies must pay living wages to fully benefit societyAdvancing social justice. Paying a living wage is a powerful action businesses can take to advance the social justice agenda. It is an opportunity for companies to make a big, positive, social impact, in a way that benefits their businesses, as well as employees, people in their supply chains and the communities in which they operate.
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