The Impact of Women's Labor Force Participation on Economy and Society, Essays (university) of Legal English

Download The Impact of Women's Labor Force Participation on Economy and Society and more Essays (university) Legal English in PDF only on Docsity! Anar Rakhimzhanova Nicola Teague Research Paper Writing and the Application of Grammar Research Essay 22 August 2019 "Current trend and prospectives of American women at work" In almost every country in the world, men are more likely to participate in labor markets than women. However, these gender differences in participation rates have been narrowing substantially in recent decades. Since then that figure has risen to three quarters, while male rate participation has moved to opposite direction. The aim of this research study will be focused on the increasing trend of women in the labor market and its effect on an economy, particularly on their money allocation and decision-making attitudes. The research will help reader to understand the women role to the changing economic environment. Nowadays investors, when making their investment decision, should not focus only on companies profit numbers and its financial return, but to the female dominance in the entity. In almost every country in the world, men are considered as the main in bringing money home. However, these gender differences in participation rates have been narrowing substantially in recent decades. The statistics shows that in 1970 only half of women in the USA aged 25 to 54 were in the workforce. Since then that figure has risen to three quarters, while male rate participation has moved in opposite direction. It was believed that female workforce and its investment attitude have a positive great influence on the economic environment of the USA. The aim of this research study will be focused on the increasing trend of women in the labor market and its effect on economy, particularly on their money allocation and decision-making manners. The increasing trend of female workforce participation rate has been positively reshaping US economy for the past 50 years. According to the statistics, in 1930 there was only 21 percent of women engaged in work against to the 79 percent of male force. However, in 2015 the female labor force has reached 47 percent and the men numbers have been shrinked to 53 percent. The U.S. Department of Labor explains this notable shift in sex workforce as the “…reflection in their increased educational attainment, higher earnings, greater occupational diversity, and a larger presence in leadership positions and entrepreneurial fields”. Over the past half century more women started to attend colleges and get their diploma in the same major as the men. As a result, the specific skills and knowledge gained during their study gave them more opportunity to get high income jobs. Even more, the article “When Women bring home a Bigger Slice of the Bacon” in The Wall Street Journal pointed out that 50 years ago there was no any woman in Fortune 500, but today there are over 30 women joined the list of the world most successful entrepreneurs and politicians. The increased number of women in the labor force has both reflected and contributed to a major social transformation over the past several decades. The U.S. Department of Labor made conclusion that there are more than 75 percent of single mothers are the sole provider for their family. Such facts brought some differences to the present product and services markets, especially in various styles of female apparels and childcare services for the working parents. There was a survey conducted by Bank of America Merrill Lynch between single men and women with the same amount of earnings per month to identify their money spending attitudes. The result has reviled that single women are more responsible in terms of allocating their income rather that men without family. When women spend more of their money on groceries, health care, apparel and housing, the men prefer allocating their income to luxury cars, alcohol and entertainment activities. Moreover, they survey also identified that most of the women tend to