Show an ad over header. AMP

I am the FIRST!!!

"She-cession": Coronavirus forces rethinking of safety net for working women

The coronavirus pandemic has been devastating for working women, but one prominent women's policy expert says it could provide a new opportunity to create the kinds of social supports they should have had all along.

Driving the news: In an interview with "Axios on HBO," Nicole Mason, president and CEO of the Institute for Women’s Policy Research, said the pandemic has created a "she-cession" — a loss of jobs that has disproportionately affected women and highlighted the gaps in the safety net for working families.


  • The solutions to fill those gaps, she said, include universal child care, more funding for child care, paid sick leave, and more generous paternity and maternity leave at the federal level.
  • "Building a new infrastructure, an economy that works for all is costly, but it's worth it," Mason told Axios' Margaret Talev.

The big picture: As of the beginning of the year, women made up more than half of the non-farm workforce. But those gains have been wiped out by the pandemic, with women accounting for the majority of the jobs lost.

  • "At the start of the pandemic, women lost millions and millions of jobs. And the gains that we had made slipped away," Mason said.
  • That's largely because the service sectors were hit hardest by the virus, she said, and women are overrepresented in the service sectors.

The catch: Mason acknowledged that an agenda of universal child care, paid sick leave and other new social supports would be expensive: "It's definitely in the billions, and it could tip up to the trillions."

  • But the coronavirus has already unleashed spending on stimulus measures and extended unemployment insurance that would have been unthinkable before the pandemic, she said.
  • "There's an opportunity for us because of the pandemic to really think about what kind of policies do we need for working women and families," Mason said. "We're in a moment where we're saying the economy won't recover if you don't do these things."
  • "We should think about child care as a public good, in the same way we think about parks," she said. "You might not go every day, but it's actually a public good that benefits us all."

The bottom line, according to Mason:"You cannot have a full economic recovery without women."

regular 4 post ff

infinite scroll 4 pff

Russian ransomware group's dark web sites mysteriously go down

Dark web sites tied to the Russian-based cyber gang REvil were not operating on Tuesday, just two weeks after the group launched a large-scale ransomware campaign that affected more than 1,500 companies around the world, according to CNBC.

Why it matters: It's unclear whether the sites — which REvil uses to facilitate its ransom negotiations — are down because of a technical problem, a law enforcement operation, or some other explanation. The group's public spokesperson has also been silent on message boards since last week, according to Politico.

Keep reading...Show less

John Kerry: U.S.-China climate cooperation is a "critical standalone issue"

President Biden's special climate envoy John Kerry said Wednesday that the U.S. must deal with China on climate change as a "critical standalone issue," but stressed that Beijing's human rights and trade abuses "will never be traded" for climate cooperation.

Why it matters: The last few years have brought about a bipartisan consensus on the need for the U.S. to confront China's aggression. But as the world's largest greenhouse gas emitter, China will be a vital player if the world is going to come close to reining in emissions on the scale needed to meet the Paris Agreement goals of limiting warming to 2°C above pre-industrial levels.

Keep reading...Show less

Federal Reserve expands lending program for small businesses

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

Keep reading...Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories
<!ENTITY lol2 “&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;“> <!ENTITY lol3 “&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;“> <!ENTITY lol4 “&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;“> ]> &lol4;