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The pay gap costs women $700,000, and it starts as soon as you graduate

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Gillard addressed a large room of influential men and women at the launch of the ANZ discussion paper on Wednesday. Supporting her later on a panel to discuss the issues raised were former LT David Morrison, ANZ CEO Mike Smith, former tennis player Martina Navratilova, and later ANZ chairman David Gonski. The ANZ paper revealed a number of disturbing findings on pay, including that while women's workforce participation has risen by more than 25% in 30 years, female full-time workers are being paid 18.8% less than men, amounting to $295 a week, $15,000 a year and around $700,000 over a woman

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