St. Anthony: Report finds equal pay for women is $2.1 trillion opportunity
Kweilin Moore Ellingrud is the co-author of a just-released McKinsey & Co. report that found “gender parity,” or paying women equally to men, is not just fair.
It’s an economic growth accelerator.
“Across 95 countries that we studied, the U.S. is the most gender equal,” said Ellingrud, managing partner in McKinsey’s Minneapolis office. “But even here, it’s a $2.1 trillion opportunity, a 10 percent increase in U.S. gross domestic product [GDP].