Uploaded by StoryExchange on Oct 24, 2011
This video explains the potential of women-owned businesses and what the The Story Exchange is all about.
WOMEN AND INCOME INEQUALITY
Women perform 66 percent of the world's work, produce 50 percent of the food, but earn 10 percent of the income and own one percent of the property. UNICEF: Gender Equality -- The Big Picture, 2007
Women's nominal wages are 17 percent lower than men's. UNICEF: Gender Equality -- The Big Picture, 2007
In some regions, women provide 70 percent of agricultural labor, produce more than 90 percent of the food, and yet are nowhere represented in budget deliberations. World Economic Forum, Women's Empowerment: Measuring the Global Gender Gap, 2005
WOMEN AND ECONOMIC POTENTIAL
There is a direct link between increased female labor participation and growth: It is estimated that if women's paid employment rates were raised to the same level as men's, America's GDP would be nine percent higher; the euro-zone's would be 13 percent higher, and Japan's would be boosted by 16 percent. UN Economic and Social Commission for Asia and the Pacific, Annual Report, 2007
The untapped potential of women-owned firms is equivalent to the discovery of an entirely new technology or the birth of an industry. [There is] the opportunity to create millions of new jobs and add trillions of dollars to America's economy. Quantam Leaps: The Roadmap to 2020, June 2010
The Guardian Life Small Business Research Institute projects that women small business owners will create 5 to 5.5 million new jobs across the U.S. by 2018, transforming the workplace of tomorrow into a far more inclusive, horizontally managed environment. The Guardian Life Small Business Research Institute: Women Small Business Owners Will Create 5+ Million New Jobs by 2018, December 2009
Based on the institute's projection, women-owned small businesses will generate more than half of the 9.72 million new small business jobs expected to be created, and roughly one-third of the 15.3 million total new jobs anticipated by the Bureau of Labor Statistics by 2018. The Guardian Life Small Business Research Institute: Women Small Business Owners Will Create 5+ Million New Jobs by 2018, December 2009
For more see:
thestoryexchange.org/why/
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