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Part of: #GalswithLEI
The economic downturn triggered by COVID-19 has taken a disproportionate toll on women, leading some economists to deem the crisis a “shecession.” A recent analysis by the McKinsey Global Institute found that although women comprise only 39% of the global workforce, they make up 54% of overall job losses and their jobs are 1.8 times more vulnerable to the crisis than men. Reasons for this unique impact include women leaving the workforce due to child-care responsibilities, the lack of flexible work options, and steep job losses in female dominated industries. The recession threatens to erase years of economic gains and societal progress for women as women respond to these challenges by reducing their hours or dropping out of the labor market.
Hear from economists and experts as they discuss how the pandemic has affected working women across the globe; the systemic inequities that led to the “shecession;" what can be done to mitigate the economic effects of the crisis; and the challenges and opportunities ahead as the world works towards building a resilient and inclusive economy.
Panelists
- Anita BHATIA, Assistant Secretary General and Deputy Executive Director, UN Women, New York City, New York, USA @abhatiaunwomen
- Ariane HEGEWISCH, Senior Research Fellow, Institute for Women’s Policy Research, Washington, DC, USA @ArianeIWPR
- Ishanaa RAMBACHAN, Partner, McKinsey & Company, San Francisco, CA, USA
- Khara JABOLA-CAROLUS, Executive Director, Hawaiʻi State Commission on the Status of Women, Honolulu, Hawaiʻi, USA @HawaiiCSW
Moderator
- Ginger VAUGHN, Lecturer, Rice University, and Changing Faces alumna, Houston Texas, USA
Part of: #GalswithLEI
The economic downturn triggered by COVID-19 has taken a disproportionate toll on women, leading some economists to deem the crisis a “shecession.” A recent analysis by the McKinsey Global Institute found that although women comprise only 39% of the global workforce, they make up 54% of overall job losses and their jobs are 1.8 times more vulnerable to the crisis than men. Reasons for this unique impact include women leaving the workforce due to child-care responsibilities, the lack of flexible work options, and steep job losses in female dominated industries. The recession threatens to erase years of economic gains and societal progress for women as women respond to these challenges by reducing their hours or dropping out of the labor market.
Hear from economists and experts as they discuss how the pandemic has affected working women across the globe; the systemic inequities that led to the “shecession;" what can be done to mitigate the economic effects of the crisis; and the challenges and opportunities ahead as the world works towards building a resilient and inclusive economy.
Panelists
- Anita BHATIA, Assistant Secretary General and Deputy Executive Director, UN Women, New York City, New York, USA @abhatiaunwomen
- Ariane HEGEWISCH, Senior Research Fellow, Institute for Women’s Policy Research, Washington, DC, USA @ArianeIWPR
- Ishanaa RAMBACHAN, Partner, McKinsey & Company, San Francisco, CA, USA
- Khara JABOLA-CAROLUS, Executive Director, Hawaiʻi State Commission on the Status of Women, Honolulu, Hawaiʻi, USA @HawaiiCSW
Moderator
- Ginger VAUGHN, Lecturer, Rice University, and Changing Faces alumna, Houston Texas, USA
