Tech companies thrive on innovation, a product of diverse thoughts and experiences. The gender pay gap, however, poses a challenge to achieving gender diversity, thereby affecting the richness of ideas and perspectives necessary for breakthrough innovations. When women are not compensated equally, it not only lowers morale but also could lead them to leave the industry altogether. This talent drain deprives tech companies of female perspectives that are essential for developing products and services that cater to a broader audience, ultimately affecting the company's bottom line and competitive edge in the market.
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