While the U.S. economy is improving, the outlook for women’s employment is not. Recent projections by McKinsey and Oxford Economics estimate that employment for women may not recover to pre-pandemic levels until 2024, two full years after a recovery for men. Women participating in the workforce has already dropped to 57%—the lowest level since 1988 (National Women’s Law Center).
There is a significant possibility that female labor force participation could face its steepest sustained decline since World War II.
According to the 2020 Women in the Workplace study, co-authored by McKinsey and LeanIn.org, 1 in 4 women are now considering leaving the workplace or downshifting their careers. Potentially two million women could leave corporate America, permanently.
If these trends are left unaddressed, they work to intensify the existing inequalities and reverse decades of progress toward an inclusive economy for women.
The McKinsey Global Institute estimates that global GDP growth could be $1 trillion lower in 2030 if the trajectory continues.
What is the solution? Join subject matter experts from industry and education as we consider new pathways and sustainability solutions for women to re-enter and thrive as significant contributors to the workforce.
|Date||Jun 22, 2021|
|Time||9:00 AM 10:00 AM|