Skip to main content

Paying Women Equally Would Be a Boon for 'Everyone Else,' Too [TheAtlantic.com]

 

For years, women’s pay has slowly increased relative to men’s, but, strangely, in 2015 that trend seemed to stall (or even reverse course). This apparent stagnation is discouraging for lots of reasons: More women are working and many are the primary, if not sole, earners in their households. And young women are more likely than young men to hold a college degree.

This is clearly bad for women. It’s also bad for men. And the economy as a whole. A new report from the McKinsey Global Institute finds that greater gender parity in the workforce—in terms of pay, hours worked, and access to full-time jobs—would also benefit the entire country’s economy. The report makes the case for both the government and businesses to take a more proactive role in bringing about gender equality.

Some economists worry that as America’s population ages and retires, there won’t be enough young workers to replace them. The consequences of this would be harmful to the economy: There would be fewer people to provide goods and services, fewer people working and earning wages, and lower levels of worker productivity—all of which could result in a slowing of GDP growth.



[For more of this story, written by Gillian B. White, go to http://www.theatlantic.com/bus...one-else-too/477582/]

Add Comment

Comments (0)

Post
Copyright © 2023, PACEsConnection. All rights reserved.
×
×
×
×
Link copied to your clipboard.
×