For the economy to truly “work” for women, it would mean that women have equal access to economic opportunities and are not held back by gender-based discrimination or biases.
Currently, women still face a significant gender pay gap, with women earning on average 82 cents for every dollar earned by men. Additionally, women are often relegated to lower-paying jobs and face barriers to advancement in male-dominated industries.
For the economy to work for women, we need to address these systemic issues and create a level playing field. This means ensuring that women have equal access to education and training opportunities so that they can develop the skills and knowledge necessary to succeed in the workforce.
It also means addressing the gender biases that still exist in recruitment and promotion processes and creating inclusive workplaces that value diversity and recognize the contributions of women.
When the economy works for women, we can expect to see a number of positive outcomes:
Women will be able to fully participate in the workforce
This will will increase productivity and economic growth.
Reduction in poverty rates among women and their families
Women will be able to access higher-paying jobs and advance in their careers.
Reduction in gender-based violence and harassment
Women will have greater economic independence and bargaining power.
A shift in societal attitudes towards women and their roles in society
Women will be recognized as equal partners in the economy and as valuable contributors to society. This recognition will extend beyond the workplace and will help to break down gender stereotypes and biases that exist in all areas of life.
To accomplish this kind economy, a holistic approach that addresses the systemic issues that hold women back is a good place to start. This means investing in education and training opportunities, creating inclusive workplaces, addressing gender biases, and promoting women’s economic empowerment.
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