2021 Women in Business

2021 Women in Business

Women in Business 2021

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By Eileen Hoenigman Meyer omen's Equality Day, August 26, marked the 101st anniversary of the ratification of the 19th amendment, securing women's right to vote. This year's occasion was bittersweet, as pandemic complications have challenged women on multiple fronts. The pandemic has been economically brutal for women. Oxfam International reports: "The COVID-19 crisis cost women around the world at least $800 billion in lost income in 2020, equivalent to more than the combined GDP of 98 countries." Men suffered too: 3.9 percent of the world's male population lost their employment. But the world's women, already paid less for their work, lost more jobs. According to Oxfam's report, five percent of the world's women lost their employment in the pandemic's wake. The Oxfam report notes that internationally, women lost more than 64 million jobs when their roles were dissolved, they became unworkable due to pandemic challenges, or for other reasons. In the U.S., 1.8 million women left the labor force. Sylvia Ann Hewlett, economist, author and academic who has long studied the barriers working mothers face, recently tweeted: "Two million mothers quit jobs because of the pandemic childcare crisis. More left the fast What Women's Equality Day means for higher education W EQUALITY continued on page 62 Women In Business September 2021 60

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