report by the McKinsey Global Institute (MGI). With a nod to MGI’s 68-page "Power of Parity" report, Rios stressed the importance of data and research to achieving parity and the subsequent boost to the
economy. "More women at the top is good for business," she says. But unless you look at the detailed data, Rios contends, you won’t know where attention should be paid or applied.
With 14.4 million jobs created over the last 73 straight months, Rios underscores the importance of investing in human capital in order for business to thrive and the economy to grow. "So many facets of this report spring us to action to get real motivational change," she says. Ultimately, Rios believes that for a democracy to do what it’s meant to do—"give voice to the voiceless"—it has to put an emphasis on inclusivity.
Jonathan Woetzel, director of McKinsey Global Institute, concurs. He sees social and economic issues as inseparable. "If you want to have gender equality in work, you have to have it in society," he told the audience at the event.
One of the ways to get society and work to achieve parity is to examine where things stand now. The MGI report analyzed key metrics in 95 countries. The report found that among developed economies, the U.S. has the most potential for gains, especially in the short term. The rising tide of millennials hasn’t yet offset the number who are aging out. The report notes that some experts say the number of working-age people in the economy is down from from 84% in 1990 to 81% in 2015, coupled with slowing technological progress, which could also slow the growth of the GDP.
On a state-by-state level, all 50 have been shown to have either high or extremely high gender inequality right now. The states were graded according to a parity score, which is based on 10 indicators including labor-force participation rate, professional and technical jobs, higher education, maternal mortality, leadership and managerial positions, unpaid care work, single mothers, teenage pregnancy, political representation, and violence against women.
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