Forget China, India & The Internet…

Posted on October 12th, 2006 by Simon Chen

…Economic Growth Is Driven by Women. In short,

(1) women have taken two of every three new jobs for decades.
(2) The pay-for-same-job differential is falling.
(3) Women are occupying more and more senior roles. (Over 50% of managers, in the United States.)
(4) Most senior Boomers are men—and about to retire by the million. (Within a few years, 10,000 additional men per day eligible for retirement.) Women will fill most—the overwhelming majority—of those slots.
(5) Boys, soon to be men, are rapidly falling behind women in the education race.

Consider this from Aude Zieseniss de Thuin in the Financial Times, 10.03.2006:

“One thing is certain: Women’s rise in power, which is linked to the increase in wealth per capita, is happening in all domains and at all levels of society. Women are no longer content to provide efficient labor or to be consumers with rising budgets and more autonomy to spend. …

This is just the beginning.

The phenomenon will only grow as girls prove to be more successful than boys in the school system … For a number of observers, we have already entered the age of ‘womenomics,’ the economy as thought out and practiced by women.”

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