Money Issues Links
GAO Report Released March 15th, '22 - Women in Management: Women Remain Underrepresented in Management Positions and Continue to Earn Less Than Male Managers
"Women continue to be underrepresented in management roles in the U.S. workforce, with a slight increase in 2019 compared to our 2010 report. Female managers continued to earn less than male managers, with the pay gap remaining unchanged. Among other things, our analysis of Census Bureau data showed that in 2019:
An estimated 42% of managers were women, which was less than the percentage of women in the overall workforce (48%). Female managers were more likely to be younger, more educated, and unmarried — and less likely to be White than male managers. Full-time female managers earned 71 cents for every dollar earned by full-time male managers." more »
Study: Natural hazards Compound Covid-19 Impacts Disproportionately on Businesses Run by Minorities, Women and Vets
A report published in October 2020, offered an overview of the responses, but the authors of the new study sought to gain deeper insight into the role that specific factors played in determining a business’s resilience during the pandemic. "The team’s findings are based on responses from more than 1,350 businesses to a survey NIST and NOAA distributed from July to August in 2020. A third of those returning surveys were from underrepresented groups. "It is critical that we understand how climate events amplify existing social and economic vulnerabilities,” said Ariela Zycherman, a co-author of the paper in NOAA’s Climate Program Office. more »
Jerome Powell's Testimony at His Nomination Hearing for a Second Term as Chair of the Board of Governors of the Federal Reserve System; A Link to The Beige Book
"Congress provided by far the fastest and largest response to any postwar economic downturn. At the Federal Reserve, we used the full range of policy tools at our disposal. We moved quickly to restore vital flows of credit to households, communities, and businesses and to stabilize the financial system.
These collective policy actions, the development and availability of vaccines, and American resilience worked in concert, first to cushion the pandemic's economic blows and then to spark a historically strong recovery. Today the economy is expanding at its fastest pace in many years, and the labor market is strong." more »
Federal Reserve Governor Michelle W. Bowman: Integrating Indigenous Voices into Economic Inclusion; No Great Nation Can Prosper When Its People Are Left Behind
"The negative effects of past policies and a lack of economic opportunity have impacted Indigenous people for generations. I would like to acknowledge this history, but also to acknowledge that no great nation can prosper when its people are left behind. The Federal Reserve, with all of the powerful tools at its disposal, can't fully succeed unless Native people, and others that have existed on the margins of the economy, have the opportunity to become full participants. The discussions today, including those regarding access to credit for Indigenous communities, can advance this goal." more »