SALON

Friday, Feb 20, 2009 6:57 PM UTC

The economy is a feminist issue

Why aren't more women writing about the financial meltdown?

By

Topics: U.S. Economy, Broadsheet,

Now that the global economy has fallen apart, a badly compromised economic stimulus bill has passed that is worse for women than men and Obama has proposed a $275 billion housing plan that analysts and administration officials alike agree “will not come close to halting the tidal wave of foreclosures,” I’m wondering: Where has the feminist outrage been? The economic crisis is in every way a feminist issue, so why the near silence?

Sure, some women have written great pieces about the meltdown, including the ways that women have been hit — and missed. Two weeks back, Jennifer Barrett noted “that many of the jobs being generated for women [in the proposed stimulus bill] will probably come later and pay far less than the jobs being created in fields dominated by men.” Linda Hirshman’s December NYT op-ed took Team Obama to task for weighting the stimulus plan toward creating jobs in sectors that employ very few women (construction and green jobs, to name two). She followed up with a virtual master class on how to unpack dicey numbers and squishy logic, toasting Team Obama for releasing an unrealistically rosy report on the stimulus bill’s projected positive effect on women’s employment. She also offers a smart, refreshingly understandable explanation of why it’s not quite right to say that the economic crisis is hurting men more and in greater number than it’s hurting women. (Hint: Women’s rate of unemployment is rising faster than men’s; women earn less.)

But Barrett and Hirshman and a notable handful of others — including Gretchen Morgenson, who tried to sound the alarm about executive compensation for about as long as Cassandra tried to warn the Trojans about that damned horse — don’t have a lot of company out there in the hinterlands of women who write about the economy.

There’s plenty more to say as governments begin rolling out a variety of stimulus packages that don’t take gender — or class or race — into account when it comes to job creation. On Wednesday New York City’s Mayor Bloomberg (a former general partner at Salomon Brothers) announced that he wants the city “to invest $45 million in government money to retrain investment bankers, traders and others who have lost jobs on Wall Street.” Bloomberg makes a point of “head[ing] off criticism that the city is providing assistance to people who were paid large sums to work in a business whose excesses caused a global financial crisis” by saying that “these job losses affect people in a wide range of professions and income levels.” But he never says whether any of that re-training will be directed to the administrative staff — the sector of the financial industry with the most women, many of color — and the (guy) reporter doesn’t ask.

I’m guessing that women aren’t writing about the economy at nearly the rate that we’re writing about abortion, sexist ads and the latest asshattery from the Palin clan for a number of reasons. First, we’ve too narrowly defined what constitutes a feminist issue. Second, our response to any of those hot button issues is stronger, more immediately personal and easier for us to understand than the slog through hell that is the 1,000+-page stimulus bill. Finally, I suspect that many of us are hesitant either because we think we don’t know enough, or because we really don’t know enough.

Let’s get over that. 

More Nancy Goldstein.

Next Article

Related Stories

More Related Stories

Featured Slide Shows

The week in 10 pics

close X
  • Share on Twitter
  • Share on Facebook
  • Thumbnails
  • Fullscreen
  • 1 of 11
  • Lisa Montgomery embraces her nephew Thursday after a tornado tore apart her home in Cleburne, Texas. The twister killed six people and destroyed entire swaths of the North Texas town.
    Credit: AP/LM Otero

  • Jack McMahon, the defense attorney for abortion doctor Kermit Gosnell, speaks outside the Criminal Justice Center in Philadelphia Tuesday. His client was convicted of killing three babies in his clinic, and will serve multiple life sentences.
    Credit: AP/Matt Rourke

  • A photo taken Monday captures Vice President Joe Biden's response to a Milwaukee second-grader's innovative proposal to end America's epidemic of gun violence. This guy!
    Credit: AP/Jenny Aicher

  • Sen. Rand Paul, R-Ky., flanked by a grouper-eyed Michele Bachmann, addresses the IRS' admission that it targeted Tea Party groups in advance of the 2012 election. In an op-ed for CNN Thursday, the Kentucky senator slammed the president for his faux outrage.
    Credit: AP/Molly Riley

  • Ousted IRS chief Steven Miller is sworn in on Capitol Hill Friday. Miller testified before the House Ways and Means Committee on the extra scrutiny the agency gave conservative groups applying for tax-exempt status.
    Credit: AP/J. Scott Applewhite

  • Attorney General Eric Holder pauses as he testifies on Capitol Hill before the House Judiciary Committee Wednesday. Holder is under fire, among other things, for the Justice Department's gathering of phone records at the Associated Press.
    Credit: AP/Carolyn Kaster

  • O.J. Simpson sits during an evidentiary hearing at Clark County District Court in Las Vegas, Nev., Thursday. Simpson, who is currently serving a nine-to-33-year sentence in state prison for armed robbery and kidnapping, is using a writ of habeas corpus to seek a new trial.
    Credit: AP/Las Vegas Review-Journal/Jeff Scheid

  • Major Tom to ground control: On Sunday astronaut Chris Hadfield recorded the first music video from space, a cover of David Bowie's "Space Oddity."
    Credit: AP/NASA/Chris Hadfield

  • When it rains it pours. President Barack Obama speaks during a news conference Thursday with Turkish Prime Minister Recep Tayyip Erdogan, inexplicably inspiring an #umbrellagate Twitter meme.
    Credit: AP/Jacquelyn Martin

  • A smoke plume rises high above a road block at the intersection of County A and Ross Road east of Solon Springs, Wis., Tuesday. No injuries were reported, but the the wildfire caused evacuations across northwestern Wisconsin.
    Credit: AP/The Duluth News-Tribune/Clint Austin

  • Recent Slide Shows

  • Share on Twitter
  • Share on Facebook
  • Thumbnails
  • Fullscreen
  • 1 of 11

Related Videos

Comments

 48 Comments

Comment Preview

Your name will appear as username

You may use these HTML tags and attributes: <a href=""> <b> <em> <strong> <i> <blockquote>

follow salon

Most Read

Popular on Reddit

links from salon.com

From Around the Web

Presented by Scribol
listener_new_rect The Listener: Chekhov's story mirrors Russia's own

Recommendations