Roe v Wade Reversal Will Have Major Negative Economic Impact in the US

For those of you complaining about the posts re the Roe v Wade reversal decision, saying that these posts do not belong on LinkedIn, you are seriously mistaken.

The SCOTUS decision will have major negative impact on businesses and the economy.

Women (a term I will use for simplicity sake and to include people with a uterus and able to get pregnant) make up nearly half of the US workforce.

May 2022 unemployment rate was 3.6% and in April 2022, there were over 11 million open jobs.

Companies across the country are struggling to find qualified appicants to fill open positions and are struggling to meet demand. This means a loss in business and negative impact on the bottom line.

With forced birth for women, by making safe abortion options (which is healthcare) inaccessible, many women are not going to be able to afford to work, let alone get a solid education, therefore removing them from the workforce.

This will reduce the quality of the overall workforce, not to mention the number of workers available.

Women control 80–85% of consumer spending. Reduce their income, reduce their spend, and you negatively impact businesses.

Research has shown that diverse teams do better for the bottom line.

Research shows that women led businesses do more with less, get to profitability faster, and provider greater ROI.

We already saw 2–3 million women leave the workforce during the pandemic and many have not been able to return.

So if you can’t see this as a human issue, a healthcare issue, as an equity issue or as an equality issue, maybe you can see it as an economic issue and care about this disastrous decision.

This is not going to end well, for any of us.

#roevwade

Originally posted on LinkedIn on 27Jun2022

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Terri Mead

IT consultant, expert witness, YouTuber, helicopter pilot. Making the world a better place, especially for women. Award winning author of Piloting Your Life.