Tuesday, November 29, 2011

Gender Gap: Women in the Labor Force

“The High Cost of the Gender Gap” was an article in the Wall Street Journal a couple weeks ago. It states that ”Women now graduate from college in greater numbers than men and enter the work force at similar rates. Yet at every career stage, men are more likely to advance than women”. Dominic Barton of McKinsey & Co., Geena Davis, and Debra Lee are interviewed regarding this disparity. Barton expresses that maintaining prominent female presence in the work force isn’t even a matter of being politically correct, it is essential for GDP growth. Debra Lee suggests the CEOs have much responsibility in assuring women are able to reach high executive levels too. This article suggests that much more emphasis needs to be placed on ensuring the gender gap is decreased in executive positions. We discussed in class that we are currently actually in a female labor revolution in comparison to before the 20th century. Women are constantly changing their lifestyles in terms of childbearing and family-raising to keep up with modern trends. This must be kept in mind when companies are making the decision to invest in their female capital.

No comments:

Post a Comment