I grew up in a family of entrepreneurs where my mother and many of my aunts were strong businesswomen. I am also an entrepreneur, perhaps because I had female role models, and I have always wondered—why don’t more women start businesses?
Claire Cain Miller of the New York Times agrees that something is wrong with the underrepresentation of female business founders. She notes that while women make up half the workforce and earn 40–50 percent of the degrees in business, science, and engineering, fewer than 10 percent of technology startups are founded by women, and only 36 percent of all US companies are owned by women. Also, many woman-owned businesses are small, employ only the founder, and earn less revenue than businesses founded by men, according to the census data.
“I do not feel that my years of experience are valued or respected by my boss or coworkers,” wrote an employee on an employee satisfaction survey that I recently administered for a client. Most of the employees of this organization are very young, with only a few older workers below the executive level. This comment surprised both me and my client, but I recognized it as a symptom of the generational shift change taking place in the United States.
Equal Air Time for Women: Eliminate the Male-Pattern Rudeness of Manterrupting, Mansplaining, and Manologues
Many women were immediately angry when we saw Senators Kamala Harris and Elizabeth Warren interrupted, chastised, and cut off mid-sentence during US Senate hearings in recent weeks while their male colleagues were allowed to speak. As Renée Graham noted in the Boston Globe, “To be female is to be interrupted. By the time most girls reach their first day of school, they already know how it feels to be drowned out by a chattering group of boys.” It was so obvious to most women watching the Senate hearings that manterrupting was happening—why weren’t the men involved aware of their own rude behavior?
Janet Yellen, chair of the Federal Reserve, keeps a close eye on the United States economy. One of the concerns of the Federal Reserve since the Great Recession (officially 2007–2009) has been the sluggish rate of overall economic growth in the United States, which impacts the well-being of all of us. In a recent speech, reported by Binyamin Appelbaum of the New York Times, Chair Yellen said that policies making it easier for women to work could significantly improve the nation’s economic growth. She suggests three policy areas that would make it easier for women to participate in the labor market:
I am the dominant earner in my household. My wonderful life partner/spouse of 25 years is a talented artist. I am a successful consultant, and consultants generally make more than artists in our society. My life partner and I have always been fine with our financial relationship, but I remember when his father was still alive and would yell into the phone from the background, “Tell that bum to get a job!” He could not stand it that I made more money than his son. This lack of moral support was very painful for us both, especially for my partner. We were trying to stay grounded in the choices that made sense for us in the face of societal attitudes about acceptable gender roles—and this was sometimes difficult.