One in 4 employed women (1 in 3 mothers) are considering quitting or dialing back at work.
This is the first time in six years of research that McKinsey has found any difference in men’s and women’s interest in quitting trib.al/NG9SUHn
Working parents are especially feeling the crunch.
A FlexJobs survey found that 25% of working fathers and mothers had reduced their hours to cope with child-care demands. But women were much more likely than men to quit trib.al/NG9SUHn
What’s happening here is pretty obvious, and predictable: A lot of extra care work is falling on women and driving them out of the workforce.
This should signal the end of the “opt out” myth trib.al/NG9SUHn
Many people assume that women aren’t as frequently seen leading organizations or governments because so many of them “choose” to stay home.
In reality, the number of women who give up their careers is small trib.al/NG9SUHn
The opt-out myth looms large in our culture.
A majority of people think that women “prioritizing family over work” is the primary barrier to women’s career advancement. In fact, only 11% of women are out of the workforce to care for children full time trib.al/NG9SUHn
Of Gen X women, only 28% had ever taken a break of six months or more to care for children.
That’s not enough to explain why there are so few women in the halls of power trib.al/NG9SUHn
While time away from work is often portrayed as a choice, the evidence shows that it’s usually a reluctant one. There are three external factors that steer women in this direction:
➡️Inflexible workplaces
➡️Oblivious husbands
➡️Bad public policy trib.al/NG9SUHn
The U.S. remains a country where only 19% of private-sector workers have paid family leave.
Many women are denied their post-baby accommodation requests. In professions such as law or finance, a plea to work 40 hrs/week is equivalent to going part time trib.al/NG9SUHn
Another important factor is how much parenting fathers do, and how much work they do around the house.
Two-thirds of women who drop out of the workforce cite a lack of support from their husbands trib.al/NG9SUHn
Men don’t always realize how little they’re helping; time-use studies find that men overestimate how much housework they do trib.al/NG9SUHn
Public policy also plays a role. The U.S. has always struggled in this department:
🙅🏽♀️Daycare isn’t affordable
🤷🏻♂️Paid leave is not guaranteed
If the U.S. had paid maternity leave and affordable infant care, lots of women might never have quit their jobs trib.al/NG9SUHn
• • •
Missing some Tweet in this thread? You can try to
force a refresh
In the latest wave of coronavirus infections, young people have been blamed for spreading the virus by partying too much and breaking social distancing rules.
New coronavirus cases are still highest among young people in some places, including the U.S. and U.K. trib.al/4goZL4Z
Generation Z are adrift by definition, living in ways that heighten their risk of infection:
🏢Many live in shared accommodation or densely-populated dorms
🍺More likely to work in public-facing roles such as waiters and bar staff trib.al/4goZL4Z
This year, retailers have declared war on an unlikely enemy: glitter.
The sparkly bits of plastic are being removed from gift bags, ornaments and other holiday baubles. But is a ban on glitter really going to save the environment? trib.al/ChQA7jJ
It's not a crazy idea. Tiny pieces of plastic are indeed a threat to the environment, and retailers can make a difference in reducing them.
But doing so will require far more than banning a holiday staple trib.al/ChQA7jJ
Plastic pollution, especially in the ocean, is typically associated with single-use items such as bags and straws.
But in recent years, scientists have also focused on the profusion of microplastics, which are about the size of a sesame seed or less trib.al/ChQA7jJ
Like its larger neighbors, Arizona and Utah, Idaho benefits from a growing, internationally minded population, which has surged 6.2% to 1.8 million since the end of 2016 trib.al/GccA0tc
While the world wrestles with a deadly pandemic, another challenge is sneaking up on the human race: population aging.
As we transition from an exploding species to a shrinking one, economies around the world will start to feel the pressure trib.al/MawBWAc
Japan is the canary in the coal mine here.
Although its birth rate is not as low as that of many other rich countries, it's been low for a long time. That’s why Japan is now the world’s oldest major economy trib.al/MawBWAc
On one hand, Japan demonstrates why a shrinking population doesn’t automatically impoverish a country.
Its population is slowly declining, yet income per capita has continued to rise as productivity grows and more women enter the workforce trib.al/MawBWAc
In the wake of the global pandemic, the movie industry is facing an existential crisis.
Whether due to emergency decree or fear of infection, people are staying home and out of the cinemas in droves trib.al/qGhW4JI
Hollywood’s response has been to postpone “tentpole” movies to 2021, including:
🎬James Bond: No Time to Die
🎬Dune
🎬Black Widow trib.al/qGhW4JI
There’s a predictable negative synergy: If there are no big movies, few people will go.
If few people go, the big movies will be postponed even further
Small wonder that the world’s largest theater operator might soon file for bankruptcy trib.al/qGhW4JI
India’s Covid-19 economic gloom turned into despair this week.
Its per capita GDP may be lower for 2020 than in neighboring Bangladesh, the smaller nation it helped liberate in 1971 by going to war with Pakistan trib.al/hdficHl
“Any emerging economy doing well is good news,” @kaushikcbasu, a former World Bank chief economist, tweeted after the IMF updated its outlook.
“But it's shocking that India, which had a lead of 25% five years ago, is now trailing” trib.al/hdficHl
Ever since it began opening up the economy in the 1990s, India’s dream has been to emulate China’s rapid expansion.
After three decades of persevering with that campaign, slipping behind Bangladesh hurts its global image trib.al/hdficHl