This change has had a significant impact on women’s lives and families, the fallout of which is still reverberating throughout the culture wars. But the impact on our economy is easy to quantify. The private sector has long recognized this fact: consulting giant McKinsey explains that without the huge increase in women’s workforce participation since the 1970s, “our economy would be 25% smaller today — an amount equal to the combined GDP of Illinois, California and New York.” ”
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How Access To Contraception Benefits The Economy
According to the Economist, since the 1970′s, “back-of-the-envelope calculations suggest that the employment of extra women has not only added more to GDP than new jobs for men but has also chipped in more than either capital investment or increased productivity.”
And then, of course, there are the health care savings that come with contraception. Nationally, every dollar spent on family planning saves $3 in Medicaid costs. According to the Guttmacher Institute, “every $1 spent on public funding for family planning saves taxpayers $3.74 in pregnancy-related costs.” When California spent $400 million on family planning services in 2002, “$1.1 billion was saved in public funds that would have been spent on medical care, income support, and social services through averting pregnancies up to age two, and $2.2 billion up to age five.”
Since the GOP doesn’t give a shit about women, maybe talking about their precious capital economy will get them to not be total asshats.
(via anticapitalist)
