Would paying moms help fix women's economic crisis?

Laden...

3 jaren geleden

Html
Tekst

February 11, 2021

Good morning, Broadsheet readers! Impeachment manager Stacey Plaskett presents the House’s case against Trump, Rihanna’s LVMH maison presses pause, and we dig into the idea of paying moms for their “unseen” work. Have a lovely Thursday.
– Money for moms? I’m sure many of you are familiar with Reshma Saujani and Girls Who Code, the nonprofit dedicated to closing the gender gap in tech that she founded in 2012. Saujani was already on my mind this week thanks to a story Emma has been working on (more on that below), when the news crossed the transom that she is stepping down as CEO of the organization in April. (She’ll remain on the board, and Dr. Tarika Barrett, currently COO, will step into the top spot.) Congratulations on everything you built, Reshma! Can’t wait to see what you turn to next.
Before this latest announcement, Saujani had been in the headlines recently promoting the Marshall Plan for Moms, which calls on the government to address the economic crisis among women by, among other things, providing all mothers with direct payments of $2,400 a month. The proposal—debuted with a splashy New York Times ad signed by celebs, startup execs, activists, and other big names—is intended to compensate all moms for the “unseen, unpaid” labor they do support their families. It’s a fascinating idea, and one that goes a step beyond previous ideas about providing payments to stay-at-home parents.
The question, of course, is would it work—is it good policy? To find out, Emma talked to economists and labor experts, as well as other well-known women who’d publicly disagreed with aspects of the proposal. Those in the critical camp objected to the sole focus on moms (as opposed to moms alongside other types of caregivers), noted that paying mothers would do little to address underlying structural inequities, and expressed concern that such payments would actually drive more women out of the workforce.
Saujani, for her part, told Emma: “There’s no way that we are going to get women’s labor market participation back to what it was unless we call it and name it. We need a Marshall Plan for Moms. We don’t need a Marshall Plan for Caregiving right in this moment, in the short term, because we’re talking about the people who are suffering right now.” The focus on mothers is a response to the gendered disparities so many women are living with, she says: “We have to respond to the moment that we’re in, and not the world as we wish it was.”
(We should note that many other aspects of the Marshall Plans for Moms proposal, including paid family leave, affordable childcare, and equal pay found broad support among Emma’s sources.)
So, while it’s not surprising that there’s disagreement about how best to support moms during the financial crisis many are facing, I love seeing so many women throwing themselves into solving these complex problems. (And consider the alternative—policy for women crafted from an exclusively male perspective!) As Amy Nelson, founder and CEO of the Riveter—and one of those against payments to moms as laid out by the Marshall Plan proposal—told Emma: “Men have been debating policy for centuries. We need multiple voices from women.”
Kristen Bellstrom
kristen.Bellstrom@fortune.com
@kayelbee
Today’s Broadsheet was curated by Emma Hinchliffe.

A note from Fortune

The 8 tech stocks to buy for 2021

Subscribe to Fortune premium to learn which tech names can do well even after much of the world emerges from lockdown. Save 40% on a premium annual subscription. Subscribe now

ALSO IN THE HEADLINES

- Senate agenda. House impeachment managers, including Del. Stacey Plaskett, presented their case for convicting President Trump of incitement to insurrection to the Senate yesterday. On the same day, the Senate Budget Committee grilled Office of Management and Budget nominee Neera Tanden about her past tweets, many of which were highly critical of both GOP politicians and some on the left, including Sen. Bernie Sanders. Tanden apologized for the posts.
- Style on pause. Rihanna's fashion brand with LVMH, Fenty, was "put on hold" due to declining demand during the coronavirus pandemic. (The singer's other business ventures—like Fenty Beauty and Savage X Fenty—aren't affected by the decision.) Rihanna was the first woman of color atop an LVMH fashion house. Fortune
- Freedom, almost. Loujain al-Hathloul, the Saudi women's rights activist, was released from prison after more than 1,000 days in detention. She wasn't cleared of charges, but her recent sentencing counted time already served, allowing her to now be released. Her family will continue to fight the charges against her for her activism. CNN
- No more Mori. Local media in Japan report that Yoshiro Mori, the head of Tokyo's Olympic organizing committee, intends to resign tomorrow after his sexist remarks prompted international outrage. Mori said last week that women's speaking time in meetings should be regulated because they talk too much. As the Broadsheet pointed out, that's not just sexist; it's wrong. Bloomberg
MOVERS AND SHAKERS: Fortune promoted Rachel Schallom to digital editor. Rent the Runway cofounder Jenny Fleiss joins Volition Capital as a venture partner. Fnatic hired Appear Here's Georgina Workman as head of production.

CONTENT FROM PWC

What’s keeping companies from doing better?

Sixty-eight percent of leaders believe their business serves the greater good, but only 15% of the wider public agrees. We need to act to help close the gap. We recently surveyed US business leaders, employees and the public to understand what fosters and inhibits trust. These findings shaped actionable steps to help companies fight for social justice and take action, Now.

IN CASE YOU MISSED IT

- Speaking out. Dylan Farrow was, as a child, at the center of one of Hollywood's biggest and most sensitive scandals. For years, Farrow avoided the public eye, but she's now ready to reenter public life as the author of her first novel, Hush. Learn about the last two-plus decades of her life in this profile. Elle
- Three tips. In a Fortune op-ed, former IBM CEO Ginni Rometty identifies three strategies to focus on to prepare for the next international crisis. Creating equitable access to opportunity, revitalizing digital infrastructure, and restoring trust in technology are all key, she says. Fortune
- France makes a change. France is set to name a legal age of consent—15—for the first time in the country's history. Multiple cases of sexual abuse of minors led lawmakers to take action on the issue. Politico

ON MY RADAR

How the COVID-19 pandemic broke Nextdoor Vox
Esme Bianco: Marilyn Manson 'almost destroyed me' The Cut
Male allyship is about paying attention Harvard Business Review

PARTING WORDS

"I realized that life isn’t based on just the tennis game I play. It’s sort of based on little things, like your actions as a person—like saying hello to everyone you meet."
-Tennis star Naomi Osaka