http://online.wsj.com/public/resources/documents/WSJExecutiv...> About 76% of all American women aged 25-54 are in the workforce (i.e., currently employed or seeking work). That compares with about 87% in Sweden. Underneath the U.S. average, there is considerable variability among the states, and the top 10 states have participation rates at 84%. This suggests an opportunity. Getting all states up to an 84% participation rate would add 5.1 million women to the workforce. This is equivalent to adding 3-4% to the size of the US economy.
> women represent 53% of new hires. Catalyst estimates that at the very first step in career advancement—when individual contributors are promoted to managers—the number drops to 37%. Climbing higher, only 26% of vice presidents and senior executives are female and only 14% of the executive committee, on average, are women. At this point women are doubly handicapped because, as our research of the largest U.S. corporations shows, 62% are in staff jobs that rarely lead to a CEO role; (in contrast, 65% of men on executive committees hold line jobs.) This helps explain why the number of women CEOs in Fortune 500 companies appears stuck at 2-3%.
> Reviewing about 100 companies in McKinsey’s Organizational Health Index (OHI), we found that companies with three or more women in top positions (executive committee or boards) scored higher than their peers. OHI measures nine factors, ranging from external orientation to coordination and control, that are linked to well-functioning organizations. Companies with a high score across the nine metrics of organizational health (in the top quartile) have also shown superior financial performance.
https://www.elibrary.imf.org/doc/IMF071/23146-9781513516103/...
> gender inequality is detrimental to economic growth (Tzannatos 1999; Klasen 2002; Abu-Ghaida and Klasen 2004; Stotsky 2006; Klasen and Lamanna 2009).
https://hbr.org/2018/01/when-more-women-join-the-workforce-w...
> Why would having more women working raise median wages? There are a few potential reasons: women’s participation in the labor force could be increasing the city’s overall productivity, as women may replace less productive men (evidenced by lower male labor force participation rates in recent decades and higher wages for the men that remain in the market).
https://www.mckinsey.com/featured-insights/employment-and-gr...
