Home » Business » International Women's Day 2021– Let's be the difference and ask, 'Can we help?'
International Women's Day 2021– Let's be the difference and ask, 'Can we help?'
How does the COVID crisis impact opportunities for women?
J.P. Morgan Chair of Global Research Joyce Chang joins ‘Barron’s Roundtable’
This International Women’s Day, we’re thinking about the Class of 2021—and in particular, about the hundreds of thousands of young women who will be attempting to launch their careers in what is shaping up to be an especially deep recession for females.
A headline earlier this year put gender disparities in sharp relief: Of the 140,000 jobs cut in December 2020, according to the U.S. Bureau of Labor Statistics’ job report, 100 percent of them were held by women. 100 percent. In total, women lost 156,000 jobs that month while men gained 16,000.
Moreover, the uneven burden of the pandemic within households has spurred at least one in four women to consider downshifting their careers or leaving the labor market entirely.
The authors of the 2020 Women in the Workplace study, conducted by LeanIn.org and McKinsey & Company, term this an “emergency for corporate America,” concluding: “Companies risk losing women in leadership—and future women leaders—and unwinding years of painstaking progress toward gender diversity.”
Those who came of age during the women’s empowerment movement of the last century had every reason to think workplace equality was within their grasp and that progress would be steady and sure. What we now know is that women’s progress waxes and wanes, and the light at the end of the tunnel dims far too regularly.
HERE ARE THE BEST JOBS IN AMERICA IN 2021
For women who have earned a place at the table, including the two of us, now is the time to act to make things better, easier, saner for those attempting to follow.