{"id":13123,"date":"2020-04-21T23:06:57","date_gmt":"2020-04-22T03:06:57","guid":{"rendered":"https:\/\/whatwillittake.com\/?p=13123"},"modified":"2021-03-17T17:02:22","modified_gmt":"2021-03-17T21:02:22","slug":"economic-impact","status":"publish","type":"post","link":"https:\/\/whatwillittake.com\/covid-articles\/economic-impact\/","title":{"rendered":"Economic Impact"},"content":{"rendered":"

[vc_section css=”.vc_custom_1586799280119{background-color: #ffffff !important;}”][vc_row][vc_column][vc_custom_heading text=”SPECIAL FEATURE” font_container=”tag:h3|text_align:left|color:%23000000″ use_theme_fonts=”yes”][vc_separator color=”black” border_width=”5″ css=”.vc_custom_1586979876925{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_single_image image=”14002″ onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/whatwillittake.com\/covid-gendered\/we-should-be-very-alarmed-interview-with-sheryl-sandberg-on-the-shocking-new-stats-about-women-leaving-the-workforce-due-to-covid-19\/”][\/vc_column][vc_column width=”3\/4″][vc_column_text]<\/p>\n

\u2018We Should Be Very Alarmed\u2019: Interview with Sheryl Sandberg on the Shocking New Stats About Women Leaving the Workforce Due to COVID-19<\/a>
\nby Marianne Schnall<\/h4>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”20px”][vc_custom_heading text=”FROM THE HEADLINES” font_container=”tag:h3|text_align:left|color:%23000000″ use_theme_fonts=”yes”][vc_separator color=”black” border_width=”5″ css=”.vc_custom_1586979876925{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1586877882154{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;background-color: #ffffff !important;}”][vc_row][vc_column width=”2\/3″ css=”.vc_custom_1586877712386{background-color: #ffffff !important;}”][vc_column_text]Lost Jobs, Less Pay, No Childcare: A Year into the Pandemic, Women Are Not OK<\/strong><\/a>\u00a0March 1, 2021 (by Michelle Fox – CNBC)
\nMore than 2.3 million women have left the workforce since February of 2020, bringing their labor participation rate to levels not seen since 1988.[\/vc_column_text][vc_column_text]<\/p>\n

Opinion:\u00a0<\/span>Kamala Harris: The Exodus of Women from the Workforce Is a National Emergency<\/strong><\/a> February 12, 2021 (by Kamala Harris – The Washington Post)
\nThe economic downturn has hit women especially hard. A national solution is needed.<\/p>\n

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Biden to Announce His $1.9 Trillion Economic Plan. Much of It Will Help Women.<\/strong><\/a> January 14, 2021 (by Chabeli Carrazana,\u00a0Shefali Luthra – The 19th*)
\nIn what he\u2019s calling his \u201cRescue\u201d plan, President-elect Joe Biden laid out his economic proposal to get aid to families, child care centers, schools and those hardest hit by the pandemic.<\/p>\n

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Black and Latina Women Carried the Brunt of Job Loss in December<\/a> <\/strong>January 9, 2021 (by Nusaiba Mizan – Politifact)
\n\u201cIt wasn\u2019t all women that lost jobs (in the December jobs report), it was mostly Black and Latina women. In fact, white women gained employment.\u201d<\/p>\n<\/header>\n

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The US Economy Lost 140,000 Jobs in December. All of Them Were Held by Women<\/strong><\/a> January 8, 2021 (by Annalyn Kurtz\u00a0– CNN)
\nThe economic recovery is backtracking, and women \u2014 particularly women of color \u2014 are bearing the brunt of the job losses.<\/p>\n

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What Time Does the COVID Vaccine Class War Start?<\/strong><\/a> December 3, 2020 (by Shannon Melero – Jezebel)
\nThough vaccine distribution is a complicated process that medical ethicists and public health experts have been working out since long before a vaccine was on it\u2019s way,\u00a0where there\u2019s money, there\u2019s always a way to shoot to the front of any line.\u00a0<\/strong><\/p>\n

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The Pandemic Has Left Mothers Struggling to Feed Their Kids<\/strong><\/a>
\nNovember 24, 2020 (by Shefali Luthra – The 19th*)
\nSchool closures and the struggling economy have created a national hunger crisis \u2014 and experts say it will only get worse as the pandemic deepens this winter.<\/p>\n

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The US Social Safety Net Has Been Ripped to Shreds — and Women Are Paying the Price<\/strong><\/a> November 18, 2020 (by Jessica Calarco – CNN)
\nThe government has systematically underinvested in our well-being, and as a result, people in the US — especially those with limited power and resources — are expected to self-care their way through hard times.<\/p>\n

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Women Will Likely Feel the Effects of the Pandemic for Generations to Come<\/strong><\/a> November 17, 2020 (by Emily Alford – Jezebel)
\nWomen remain among the groups most affected by unemployment and lack of childcare. And both the virus and failures to provide systemic support for those impacted will likely be the source of financial hardship for decades, if not generations, to come.<\/p>\n

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Why Women Are Leaving The Workforce<\/strong><\/a> October 20, 2020 (by Stacey Vanek Smith and Cardiff Garcia – NPR)
\nThe September jobs report revealed a number of key economic indicators for the American economy, but few were as shocking as the figures for labor force exits. Of the 1.1 million people who left the job market in September, more than 860,000 were women.<\/p>\n

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‘If We Had a Panic Button, We\u2019d be Hitting it.’ Women Are Exiting the Labor Force En Masse\u2014And That’s Bad For Everyone<\/strong><\/a> October 17, 2020 (by Abby Vesoulis – TIME)
\nThe United States is in the midst of a crushing economic recession, COVID-19 infection rates are spiking, and thousands of schools and childcare facilities have yet to reopen in-person classrooms. The group bearing the brunt of this torrent of bad news? Women.<\/p>\n

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Why Did Hundreds of Thousands of Women Drop Out of the Work Force?<\/strong><\/a> October 13, 2020 (by Alisha Haridasani Gupta – New York Times)
\nThe September jobs numbers, released by the Labor Department on Friday, confirmed what economists and experts had feared: The recession unleashed by the pandemic is sidelining hundreds of thousands of women and wiping out the hard-fought gains they made in the workplace over the past few years.<\/p>\n

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Women Drop Out of Workforce at Fastest Clip Since Virus Peak<\/strong><\/a> October 2, 2020 (by Catarina Saraiva – Bloomberg)
\nWomen, especially those in the age group most likely to have young children, are dropping out of the job market at the fastest pace since the height of the pandemic as many schools and child care centers remain closed.<\/p>\n

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The COVID Recession is Driving More Women than Men from the Job Market<\/strong><\/a> October 2, 2020 (by Justin Ho – Marketplace)
\nOne of the disturbing signs in today\u2019s jobs report was the downtick in the labor force participation rate. Basically, it means fewer people are out there even looking for work right now. It\u2019s a statistic with a huge gender gap: Four times more women than men dropped out of the labor force last month.<\/p>\n

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865,000 Women Left the Workforce in September<\/strong><\/a> October 2, 2020 (by Chabeli Carrazana – the 19th*)
\nThe nation\u2019s first female recession deepened in September: More women left the labor force than the total number of jobs the country added last month. About 865,000 women dropped out of the workforce, compared to 216,000 men.<\/p>\n

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More Than 860,000 Women Dropped Out of the Labor Force in September, According to New Report<\/strong><\/a> October 2, 2020 (by Courtney Connley – NBC)
\nAs the economy slowly tries to recover during the coronavirus pandemic, new data shows that women are still being disproportionately impacted by today\u2019s crisis.<\/p>\n

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COVID-19 Recession Hit Women Especially Hard. We Need Bold Policies to Promote Equality.<\/strong><\/a> September 23, 2020 (by C. Nicole Mason – USA Today)
\nTo dig out of the coronavirus economic crisis and to ensure an even recovery, we will have to go big.<\/p>\n

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The Coronavirus Could Set Back a Generation of Women<\/strong><\/a>\u00a0August 4, 2020 (by Erica Pandey – Axios)
\nThe coronavirus’ disproportionate impact on women workers is eroding years of progress. In the long run, the pandemic could chip away at women’s representation in the workforce and widen the gender pay gap, experts say.<\/p>\n

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America\u2019s First Female Recession<\/strong><\/a>\u00a0August 2, 2020 (by Chabeli Carrazana – The 19th*)
\nWhen coronavirus wreaked havoc on the economy, it was women who suffered the most. In three months, they’ve lost a decade\u2019s worth of economic advancement.<\/p>\n

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Gender and Racial Inequity During Crisis: The Pay Gap<\/strong><\/a> July 2020 (Time’s Up)
\nTo better understand people\u2019s perceptions about the pay gap, study how the COVID-19 pandemic and economic crisis may affect the drivers of the pay gap, and learn what women feel they need to achieve greater financial security, TIME\u2019S UP Foundation commissioned PerryUndem to field a national survey<\/p>\n

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Gender Gap in COVID-19 Unemployment May Exacerbate Gender Inequality<\/a> <\/strong>July 12, 2020 (by Binah Schatsky<\/span>– The Daily Northwestern)
\nIs COVID-19 widening the gender gap? New research showing that women are being disproportionately targeted by the COVID-19 economic downturn indicates this may be the case.<\/p>\n

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Study: 85 Percent of Women-and Minority-Owned Businesses Believe They Won’t Survive Next Six Months<\/strong><\/a> July 11, 2020 (by Bobby Cuza\u00a0 – Spectrum News NY)
\nIt’s become clear that many of the businesses forced to close down during the COVID-19 pandemic will never reopen. But for those owned by women and minorities, it’s almost all of them.<\/p>\n

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Women, Minorities Disproportionately Reliant on Jobless Aid, Data Shows<\/strong><\/a>\u00a0July 9, 2020 (by Eleanor Mueller\u00a0 – Politico)
\n“It is not a stretch to say this policy choice is also a racial justice policy choice,\u201d the Economic Policy Institute\u2019s Heidi Shierholz said.<\/span><\/p>\n

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Why the COVID-19 Financial Crisis Will Leave Lasting Scars on Gen Z<\/strong><\/a> July 6, 2020 (by Lauren Aratani – The Gardian)
\nThe effects of this economic downturn will likely be felt for years as people born between 1997 and 2012 try to start careers and build savings with an economy that was struck to rubble.<\/p>\n

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Where Are All the Women-Owned Firms on the List of PPP Loan Recipients?<\/strong><\/a> July 2, 2020 (by Heather Grossmann\u00a0 – Boss Betty)
\nJust 16% of aid beneficiaries providing demographic data are female-owned, under 3% of those companies are owned by Black women.<\/span><\/a><\/p>\n

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Why the Pay Gap for Working Moms Is a Race Issue Too<\/strong><\/a> June 4, 2020 (by Jennifer Siebel Newsom- TIME)
\nThe mother\u2019s pay gap is a result of a combination of factors, and each one is more insidious for women of color.<\/p>\n

[\/vc_column_text][vc_column_text]New Data Suggest COVID-19 Is Widening Housing Disparities by Race and Income<\/strong><\/a> June 2, 2020 (by Solomon Greene – Urban Wire)
\nRacial and economic disparities in access to safe and affordable housing existed long before the COVID-19 pandemic, and\u00a0new data\u00a0from the US Census Bureau suggest that the pandemic\u2014and its economic fallout\u2014is only widening these divides.[\/vc_column_text][vc_column_text]<\/p>\n

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The Coronavirus Recession Is Hitting Women the Hardest<\/strong><\/a>\u00a0May 11, 2020 (by Anneken Tappe – CNN Business)
\nThe coronavirus recession is devastating America’s labor market — and by almost every measure, it’s worse for women than any previous economic slump.<\/p>\n

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Our Economic Recovery Depends on Policies that Benefit Women<\/strong><\/a>\u00a0May 6, 2020 (by Jennifer Siebel Newsom and Heather McCulloch – CNN Business)
\nOur public policies and private sector practices are rarely designed to support the dual roles of women, leaving us all vulnerable as a result.<\/p>\n

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COVID-19 Has Been Harder on Women Business Owners. These 11 Resources Can Help<\/a> <\/strong>April 16, 2020 (by Connie Lin – Fast Company<\/span>)
\nFrom offering grants to gathering resources, many organizations have mobilized to support female entrepreneurs during the global pandemic.<\/p>\n

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The Coronavirus Is a Financial Crisis for Women<\/strong><\/a> April 10, 2020 (by Rachel Thomas<\/span>\u00a0–\u00a0<\/span>Lean In)
\nNew research by LeanIn.Org reveals that this economic crisis is impacting women most of all.<\/p>\n

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The Economic Impact of Coronavirus on Women Is ‘Devastating’ and Exacerbating Gender Inequality, Says Facebook’s Sheryl Sandberg<\/strong><\/a> April 10, 2020 (by Alexandra Hutzler – Newsweek<\/span>)
\nBecause women are likely to bear the brunt of the coronavirus-related recession, Facebook’s Sheryl Sandberg said she sees the global health crisis as a wake-up call for the country to address long-existing gender inequalities.<\/p>\n

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During Coronavirus Pandemic, Women\u2019s Unemployment Exceeds Men\u2019s in Almost All Sectors<\/strong><\/a> April 9, 2020 (by Roxy Szal – Ms. Magazine<\/span>)
\nOf the 701,000 coronavirus-related job losses in the months of February and March, the majority\u201460 percent\u2014were held by women.<\/p>\n

[\/vc_column_text][vc_column_text]Why This Economic Crisis Differs From the Last One for Women<\/a> <\/strong>March 31, 2020 (by Alisha Haridasani Gupta<\/span>\u00a0–\u00a0<\/span>The New York Times)
\nUnlike the financial crash of 2008, this downturn will likely lead to more job losses for women, according to new research.[\/vc_column_text][vc_column_text]During the Coronavirus Crisis, Equal Pay Is More Important than Ever<\/strong><\/a>\u00a0<\/strong>\u00a0March 31, 2020 (by Emma Hinchliffe – Fortune)
\nWomen lose out on lifetime earnings to weather an economic crisis.<\/span>[\/vc_column_text][vc_column_text]The Wage Gap Has Made Things Worse for Women on the Front Lines of COVID-19<\/strong><\/a>\u00a0March 31, 2020 (by Maya Raghu and\u00a0Jasmine Tucker –\u00a0National Women’s Law Center)
\nT<\/span>he\u00a0<\/span>over-representation of women and women of color in\u00a0<\/span>low-<\/span>paid jobs means<\/span>\u00a0women on the frontlines of COVID<\/span>\u2013<\/span>19<\/span>\u00a0defense<\/span>\u00a0are being consistently undervalued as they do the work that the rest of the country is\u00a0<\/span>depending on as never before.<\/span> <\/span>[\/vc_column_text][vc_column_text]Your Complete Guide to Emergency Funding: Everything Female Founders Need to Know<\/a><\/strong>\u00a0<\/span>(by Anna Jornlid – The Helm)
\nFrom how to access SBA Disaster Recovery Loans, to grants and relief packages, this guide is a frequently-updated list of everything women-led businesses will need to weather the impacts of Coronavirus.[\/vc_column_text][vc_column_text]Women Are Hit Hardest by Impact of Coronavirus<\/strong><\/a> March 31, 2020 (by Lt. Governor Kathy Hochul and Lauren Leader\u00a0– The Hill)
\nIt\u2019s not just women in health care who are bearing the brunt of this crisis. Women comprise the majority in most of the economic sectors hit hardest economically by the shut down of our economy.[\/vc_column_text][vc_column_text]Will Women’s Movements Lead Us Through COVID-19?<\/a><\/strong><\/span>\u00a0 March 27, 2020 (by Radha Friedman<\/span> – \u00a0Medium)
\nIf ever there was a time to double down on investing in women and girls, it\u2019s now.<\/span>[\/vc_column_text][vc_column_text]What the Stimulus Does for Women<\/strong><\/a> March 27, 2020 (by Elizabeth Ralph<\/span> – \u00a0Politico)
\nA look at the key provisions of the stimulus package that will benefit women. \u00a0<\/span>[\/vc_column_text][vc_column_text]Leaders or Hucksters?<\/strong><\/a>\u00a0March 21, 2020 (by Jacki Zehner – JackiZehner.com)
\nWe have, and always will, live in times of hucksters and leaders, and it has and will always be up to us to figure out who falls into which bucket. What I can do, what we all can do, is pay attention. Make note. Remember. Act.[\/vc_column_text][vc_column_text]Coronavirus and Your 2020 Fundraising Goals: What Nonprofits Need To Know<\/a><\/strong>\u00a0 March 11, 2020 (by Alyssa Wright – ForbesWomen)
\nNervous about the impact of the coronavirus on your fundraising plans? Tips to keep you on track to hit your goals.<\/span>[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][vc_column width=”1\/3″ css=”.vc_custom_1586981066887{background-color: #f2f2f2 !important;}”][vc_single_image image=”12919″ img_size=”medium” alignment=”center” style=”vc_box_rounded”][vc_column_text]<\/p>\n

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title=”Read the Latest Issue” color=”violet” align=”center” i_icon_fontawesome=”fa fa-arrow-right” add_icon=”true” link=”url:https%3A%2F%2Fwhatwillittake.com%2Fcovid-gendered%2Fissue-12%2F|title:NO.%2012%3A%20Hopes%20for%20Change%20and%20Recovery%20in%202021|target:%20_blank|”][vc_btn title=”Make a Donation” color=”violet” align=”center” link=”url:https%3A%2F%2Fsalsa3.salsalabs.com%2Fo%2F50653%2Fp%2Fsalsa%2Fdonation%2Fcommon%2Fpublic%2F%3Fdonate_page_KEY%3D14529||target:%20_blank|”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1586640481076{background-color: #ffffff !important;}”][vc_column][vc_empty_space height=”12px”][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1586805392671{background-color: #ffffff !important;}”][vc_row][vc_column][vc_custom_heading text=”RESOURCES” font_container=”tag:h3|text_align:left|color:%23000000″ use_theme_fonts=”yes”][vc_separator color=”black” border_width=”5″][vc_row_inner css=”.vc_custom_1586980334316{background-color: #f2f2f2 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Association for Enterprise Opportunity\u00a0<\/a><\/strong><\/h5>\n
Association of Women\u2019s Business Centers<\/a><\/strong><\/h5>\n
CARE: Left Out and Left Behind: COVID-19, Hunger, and Gender Inequality<\/strong><\/a><\/h5>\n
Coronavirus and Paid Leave<\/a><\/strong><\/h5>\n
The Helm: Guide to Emergency Funding<\/a><\/strong><\/h5>\n
How to Cope with Job Loss During the Pandemic<\/strong><\/a><\/h5>\n
Justice for Migrant Women<\/a><\/strong><\/h5>\n
Lean In<\/a><\/strong><\/h5>\n
National Association of Women\u2019s Business Owners<\/a><\/strong><\/h5>\n
National Domestic Workers Alliance: Coronavirus Care Fund\u00a0<\/a><\/strong><\/h5>\n
National Women\u2019s Law Center<\/a><\/strong><\/h5>\n
Time’s Up: Gender and Racial Inequity During Crisis: The Pay Gap<\/a><\/h5>\n
US Women\u2019s Chamber of Commerce<\/a><\/strong><\/h5>\n
#WeAllGrow Latina Network\u00a0<\/a><\/strong><\/h5>\n
WBENC<\/a><\/strong><\/h5>\n
<\/h5>\n
<\/h5>\n
<\/h5>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section][vc_section css=”.vc_custom_1586980059956{background-color: #f2f2f2 !important;}”][vc_row css=”.vc_custom_1586979718029{background-color: #ffffff !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_single_image image=”13111″ img_size=”medium” alignment=”center”][\/vc_column_inner][vc_column_inner width=”1\/4″][vc_single_image image=”12936″ img_size=”medium” alignment=”center”][\/vc_column_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<\/span><\/div>","protected":false},"excerpt":{"rendered":"

[vc_section css=”.vc_custom_1586799280119{background-color: #ffffff !important;}”][vc_row][vc_column][vc_custom_heading text=”SPECIAL FEATURE” font_container=”tag:h3|text_align:left|color:%23000000″ use_theme_fonts=”yes”][vc_separator color=”black” border_width=”5″ css=”.vc_custom_1586979876925{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;}”][\/vc_column][\/vc_row][vc_row][vc_column width=”1\/4″][vc_single_image image=”14002″ onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/whatwillittake.com\/covid-gendered\/we-should-be-very-alarmed-interview-with-sheryl-sandberg-on-the-shocking-new-stats-about-women-leaving-the-workforce-due-to-covid-19\/”][\/vc_column][vc_column width=”3\/4″][vc_column_text] \u2018We Should Be Very Alarmed\u2019: Interview with Sheryl Sandberg on the Shocking New Stats About Women Leaving the Workforce Due to COVID-19 by Marianne Schnall [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”20px”][vc_custom_heading text=”FROM THE HEADLINES” font_container=”tag:h3|text_align:left|color:%23000000″ use_theme_fonts=”yes”][vc_separator […]<\/p>\n","protected":false},"author":637,"featured_media":12994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[601],"tags":[],"coauthors":[589],"yoast_head":"\nEconomic Impact - 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