Market Watch (March 27)
Remote work was one of the “few positives” to emerge from the pandemic. Its various benefits have proven “particularly important for working women.” The U.S. birthrate has now slipped to just 1.6., well below the replacement rate of 2.1 births per woman. Remote work “could be a simple and cost-effective way to help women achieve a work-life balance and increase fertility rates for those who want to have children…. U.S. employers should take note, and be more willing to continue remote and hybrid work.”
Tags: Benefits, Birthrate, Children, Cost-effective, Employers, Fertility rates, Pandemic, Positives, Remote work, Replacement rate, Simple, U.S., Work-life balance, Working women
The Economist (June 11)
Like Japan, South Korea is also facing a major demographics challenge, especially if they can’t succeed in upping the percentage of working women. “With a fertility rate of around 1.2 babies per woman, South Korea’s labour force is set to shrink dramatically. If the country fails to make use of half its talent pool, stagnation looms. An OECD study estimated that if the labour-force participation rate for men and women was the same by 2030, GDP growth would increase by 0.9 percentage points annually. Since 2010 growth has fallen from 6.5% to 2.6%.”
Tags: Babies, Demographics, Fertility, GDP, Growth, Japan, South Korea, Stagnation, Working women
