Sunday, October 4, 2020

Why Did Hundreds of Thousands of Women Drop Out of the Workforce?

 


Job numbers from September show that the recession influenced by COVID'19 has resulted in many women's sidelining, and the number is massive. Even though unemployment is dropping, it is also due to many people leaving the job market anyways. About one million people over twenty dropped out of the job market, and the majority were women. This is partly due to the collapse of industries dominated by women, such as "entertainment." Experts say that the earnings gap between gender is a huge issue and is affecting this situation. Women are being effected by unpaid labor and opting to either move to part-time positions or completely drop out of the labor force. The opening of schools has also effected their participation as they contemplate taking care of children. The majority of these individuals are not the highest-earning person in the family, especially their partners, and hence decide to sacrifice earnings. The better-earning partner goes back to work, and data suggests this is the majority of the time men. As the income gap increases between spouses, the person with less income usually has a smaller labor supply. This will cause problems when women try to re-enter the labor force and effect their genders standing in the labor force. After recessions, people tend to have less income, and the wage gap increases. Eventually, whatever the reason that drove women out of the workforce will affect them badly as returning will be much harder and takes a lot of time. The question is, how much of the slowly gained ground has been lost, and what does this mean for women's position in the workforce?


https://www.nytimes.com/2020/10/03/us/jobs-women-dropping-out-workforce-wage-gap-gender.html?searchResultPosition=5

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