The 10 Met­rics of ‘Wome­nomics’

Rotman Management Magazine - - QUESTIONS FOR -

1. Labour force par­tic­i­pa­tion. The greater the num­ber of women par­tic­i­pat­ing in the for­mal econ­omy with paid jobs, the greater the op­por­tu­nity and up­side for eco­nomic growth.

2. Ris­ing ed­u­ca­tion lev­els. In many parts of the world, girls now out­per­form boys aca­dem­i­cally and more women are get­ting col­lege de­grees than men.

3. Pur­chas­ing power. The global pur­chas­ing power of women was es­ti­mated at $15 tril­lion in 2015.

4. Gen­der pay gap. Women work­ing full-time in the U.S. earned 79 per cent of what men earned in 2014.

5. Un­paid work. Women still do far more un­paid work than men. The OECD de­fines un­paid work as “an im­por­tant as­pect of eco­nomic ac­tiv­ity” that is in­dis­pens­able to the well-be­ing of in­di­vid­u­als.

6. Women en­trepreneurs. Even with chal­lenges in ac­cess­ing cap­i­tal, 200 mil­lion women started or ran busi­nesses in 2014.

7. Cor­po­rate gen­der di­ver­sity. Ev­i­dence con­tin­ues to mount that the spec­trum of women’s rep­re­sen­ta­tion in a firm and a strong pipe­line of women helps drive su­pe­rior re­sults.

8. Paid fam­ily leave. With rapidly-ag­ing pop­u­la­tions world­wide, it is more im­per­a­tive than ever to keep work­ing moms and dads for­mally en­gaged in the econ­omy.

9. Women in pol­i­tics. The more women par­tic­i­pate in the po­lit­i­cal de­ci­sion-mak­ing process, the more di­verse the debate.

10. Women and tech­nol­ogy. This sec­tor pre­sents game-chang­ing po­ten­tial for both women and the global econ­omy.

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