Time to do some catching up on topics I’ve been writing about…
The news still isn’t great for women in business. According to research by McKinsey & Co., if present trends continue, women won’t close the pay gap with men for more than a century. (That’s more than a hundred years by my detailed calculation.) And this requires investing over $300 billion in access to childcare and paid leave over the next ten years.
Meanwhile, it's been reported that only 6% of general partners in venture capital firms are women—down from 10% a decade and a half ago. (By my accounting those numbers appear to be headed in the wrong direction.) And this is occurring while women are making the lion’s share of consumer purchases—85% by some estimates! But if 94% of investment decisions are made by men, this is right out of Alice In Wonderland.
Women haven’t gained much ground in the music business as we've previously discussed, despite a few success stories like Taylor Swift, Beyoncé, and Katy Perry which distract us from the continuing low percentage of female performers getting radio play in almost every genre. The talent is out there, so this is insanely stupid.