Women in the Workplace: Economist Article Summary

1551 Words Apr 10th, 2011 7 Pages
ACCT 620-V: Writing Assignment
Article Summaries: The Economist. January 2, 2010.
We did it! The rich world’s quiet revolution: women are gradually taking over the workplace (pg7). Briefing: Women in the workforce. Female power. (pg 49-51)

Women in Today’s Workforce From running for president, making up over half of the workforce, managing some of the world’s most successful companies, and earning almost 60% of university degrees in America and Europe, women’s presence in the workforce is more prominent today than ever. This “economic empowerment of women” is changing the workplace, as we know it. Only 20 years ago, women were viewed as only capable of unskilled jobs and were assumed to place marriage and children before having a
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When strength was required to work, men had the advantage. The growth in the service sector and decline in the manufacturing sector has made brainpower more of a demand in the work force.
This puts men and women on a more equal playing ground. Lastly, women have been more than willing and able to meet the demands of being in the workforce. Many factors play a role in this. For example, traditional cleaning is done easier and quicker than before. The contraceptive pill has allowed women to get married late, increased their ability to invest in their careers, and allowed them to finish schooling instead of taking breaks due to childbirth.
Major Challenges Faced with a Woman Workforce Two major challenges have occurred with the increase of women in the workforce. First, women continue to be under-represented in top management, with only 2% in America and 5% in Britain, and are paid considerably less than men. Secondly, it is very demanding for women to manage both their career and their family. In America, 74% of parents believe they don’t spend enough time with their children because they are constantly juggling their work and home life. In two-parent working households, childcare consumes a large proportion of the budget, but having one parent stay at home could result in much lower income for family expenses. Therefore, having only one income is not an option. Poor households are affected the most because of the large amount of poor mothers in
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