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Will This Crisis Disproportionately Affect Women?
Christine Gannon • March 31, 2020
Unlike the financial crash of 2008, this downturn will likely lead to more job losses for women, according to new research.
By Alisha Haridasani Gupta
Gender Reporter
“The Covid-19 pandemic will have a disproportionate negative effect on women.”
— A new study by researchers at Northwestern University, the University of Mannheim in Germany and the University of California, San Diego.
This is a critical component to equity in the workplace for women. As women in the workforce, we have all experienced the challenges associated with knowing we have been paid unfairly and/or unequal. Last week, a recruiter shared on Linked In (now deleted) how she offered a female candidate $45K LESS than what the job paid, because she knew the woman would take the position. Pay transparency, while it may bring different and new hurdles, will offer a pathway to pay equity for women in the workplace. #payequity#womeninbusiness#femalequity#closethegap Caroline Fairchild this week for Linked In writes, "A new report tracking wages and productivity of almost 100,000 U.S. academics across eight U.S. states over two decades has found that pay transparency significantly reduces pay inequality among men and women. If adopted at a wider scale, pay transparency could reduce the gender pay gap by as much as 40% after adjusting the wages for those who are underpaid." https://www.linkedin.com/news/story/a-solution-for-the-gender-pay-gap-5240308/
By Alisha Haridasani Gupta — New York Times
Women represent 40% off all entrepreneurs in the country they only receive 2% of investment funding. That's a problem for everyone. A 2020 Crunchbase report shows that even if we combined VC investment in female-founded and mixed co-founded companies in 2019, it still amounts to only 9 percent of all investment. Considering women represent over 40 percent of all entrepreneurs in the country, and plenty of statistics showing that women significantly outperform men in business, a lot more needs to be done. Everything we know about business tells us that more investment in women means more than innovation and reach in an industry, it also provides economic growth and social benefit for the nation. After all, who better to cater to the female half of the world’s population than women? And women, by the way, make 80 percent of purchasing decisions in the home in the U.S. Morgan Stanley estimates that investors are missing out on businesses worth $4 trillion in revenue annually by not investing in more female- and minority-led enterprises. We can’t continue to talk about investment in women as a pipeline issue; the talent is there, as are the organizations connecting them to VCs. Any investor who says they can’t find female entrepreneurs probably isn’t trying hard enough. #femaleequityhashtag #femaleentrepreneurhashtag #femalefoundershashtag #vcfundinghashtag #startupfunding
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