Quote:The current work model that rewards extremely long workweeks is outdated, unmanageable, and is a contributing factor to the ongoing gender gap, making it a particularly important issue at a time when many women have left the workforce. Decades of progress made by women in the workplace was reversed in the wake of Covid-19. As of February 2021, just one year into the pandemic, 2.3 million women had dropped out of the labor force. Globally, women lost $800 billion in income. The old-school work model forced women – most often the caretakers – to leave their jobs at a rate almost twice to that of men. And the trend remained throughout the pandemic. In August 2021, 41,000 women left the workforce, while 139,000 men joined in the same month, according to a report from the National Women’s Law Center, which estimated that at this rate it would take near a decade for women to make up the lost jobs.Nobel winning economist: World of long work hours ripe for revolution
- There is a need for more labor supply and here is one way to address that. And then there is this:
Quote:At The Leadership Now Project, a group of business leaders and academics pushing corporations to address threats to democracy, CEO and cofounder Daniella Ballou-Aares worries that the DeSantis-Disney dispute in Florida, and the looming battle between some states and corporations over abortion, signify a growing problem that's more common in emerging markets than in this country: the risk of retribution from an unstable government. "Fortunately, the U.S. has been seen as a very low political risk environment where you don't need to prepare for those things," she said. "But unfortunately, what we're seeing now is the U.S. is becoming a higher political risk environment. That is terrible for international capital flowing to this country."As decision on Roe v. Wade looms, states weigh the economic cost of abortion bans