“This is one of the most profound changes that’s occurred in our history, to the very fact that women are now the majority of the workforce.
In a report released on Monday, the Federal Reserve Bank of New York said women hold just 5 percent of the US workforce, compared to more than 12 percent in the 1970s. “
And we need to change that, we need the space to have their voices heard and to be represented, because we need them to be the majority.”
In a report released on Monday, the Federal Reserve Bank of New York said women hold just 5 percent of the US workforce, compared to more than 12 percent in the 1970s.
The Fed said the gap in the workforce is expected to grow, particularly among the fastest-growing demographic group: people between the ages of 25 and 54.
The report, called “Women, Work, and the Fed,” cited several reasons for the gender gap.
Among them: women have been less likely than men to enter the workforce and thus have fewer skills and qualifications.
Women also hold less of the top-paid jobs, including health care, law and finance, according to the report.
It also noted that women often work in lower-paid fields that pay less than men, including retail, hospitality, and service-industry jobs.
The number of women entering the workforce has also grown faster than the number of men in the labor force.
“The most pressing challenge facing women in the workplace today is the lack of equal pay and opportunities for equal pay,” the report said.
The Federal Reserve said it is currently studying how to improve pay and workplace equality.
“To this end, the Fed is undertaking a series of targeted initiatives that will address the disparities in the wages, working conditions, and benefits received by women and men in this industry,” the bank said in a statement.
“These initiatives will be based on an understanding of the different roles and responsibilities women have in the work force.”