Here are some myths about women’s economic roles;
1. THE MYTH: INVESTING IN WOMEN DOESN’T PAY.
The truth: eliminating gender inequalities will increase global GDP.
According to a recent McKinsey Global Institute analysis, if women play the same role in labor markets as men, the global yearly GDP may increase by $28 trillion, or 26%, by 2025. That’s a payoff everyone can get behind.
2. THE MYTH: Gender inequality is not an issue in developed countries.
The truth: gender disparity remains prevalent throughout the world.
Although many countries have made strides toward gender equality, inequality remains substantial. In the United States, there are only 66 women per 100 males in leadership and executive roles, and women do almost double the amount of unpaid care work that males do. Meanwhile, women’s rights in Europe are even more precarious. Men hold 89% of executive committee positions in the top 100 corporations. There is work to be done.
3. THE MYTH: WOMEN’S INCOME IS NOT USED DIFFERENTLY FROM MEN’S INCOME
The truth is that a bigger portion of women’s income is reinvested in their families and communities.
This spending improves access to education, nutrition, and healthcare, which is a win-win situation. Evidence also suggests that economic empowerment is achieved through a woman’s control over her income rather than her increased income. Research in Brazil found that when the mother made financial decisions, the chances of the child’s survival increased by 20%. (Source- World Economic Forum)
Indeed, the contributions of women in the economic sphere of any nation can noover-emphasizedsized. Rather than looking for myths to capitalize on, she should look for truths to promote.
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