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Women in the workforce: Analyzing the gains and gaps
Aug 20, 2024
Kathy Matsui, a pioneering research analyst known for her impactful report on Japan's economy, joins Goldman Sachs leaders Sharon Bell and Asahi Pompey to explore the progress of women in the workforce. They delve into the monumental shifts in female labor participation over the past 25 years, especially in Japan, sparked by cultural and governmental changes. The discussion highlights ongoing challenges like the gender pay gap and barriers to leadership, while showcasing global initiatives aimed at empowering women entrepreneurs and enhancing diversity in the workplace.
28:05
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Quick takeaways
- Female workforce participation has seen significant increases due to targeted policies, particularly in Japan and Italy, highlighting the impact of structural changes.
- Despite gains globally, the U.S. lags in female labor participation partly due to inadequate family-friendly policies, necessitating tailored solutions for improvement.
Deep dives
Progress in Female Workforce Participation
Over the past 25 years, female participation in the workforce has significantly increased, particularly in Japan and Italy. In Japan, participation has risen from around 50% to about 75% in just one generation, driven by critical policy changes, such as mandated shorter working hours in 2009 and enhanced childcare benefits. Similarly, Italy has seen a percentage increase in women joining the workforce, which has been crucial in preventing a decline in overall workforce numbers. These shifts demonstrate how targeted policy adjustments and cultural evolutions can lead to substantial economic advancements through the engagement of women.
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