Economy

Around the world, women’s labor is undervalued and exploited. These are stories about national and global economies through the eyes of feminists.

Why Raising the Minimum Wage Beats Tax Breaks for Tipped Workers Every Time

PUBLISHED 1/28/2025 by

It’s a brand new administration, and the new prez is determined to fight for the underdog—if his past pronouncements can be taken seriously. Case in point? Trump’s campaign declared last June, “When I am president, we will continue our fight for working families of America, including to raise the minimum wage and eliminate taxes on tips for service and hospitality workers.”

If the new Congress passes the bill, it should be a real boost for low wage workers who depend on tips to make ends meet—right? Well, not exactly. Cutting taxes on tipped wages sounds great, until you get under the hood and learn that most tipped workers don’t earn enough to pay taxes in the first place. It’s what you might call a phantom benefit, but it sounds good when politicians propose getting rid taxes on tips.

Trump’s Return Puts Medicaid on the Chopping Block

PUBLISHED 1/19/2025 by

Under President Joe Biden, enrollment in Medicaid hit a record high and the uninsured rate reached a record low. Donald Trump’s return to the White House—along with a GOP-controlled Senate and House of Representatives—is expected to change that.

Republicans in Washington say they plan to use funding cuts and regulatory changes to dramatically shrink Medicaid, the nearly $900-billion-a-year government health insurance program that, along with the related Children’s Health Insurance Program, serves about 79 million mostly low-income or disabled Americans.

Reclaiming the Economy: Women Take on Bitcoin, Private Equity, Debt Dollars and Billionaire Bros

PUBLISHED 1/18/2025 by

On Dec. 27, 2024, The New York Times published an article titled, “Wall Street is Minting Easy Money for Risky Loans. What Could Go Wrong?” The key word here is “Minting.” 

Why? Three days earlier, we had learned from The Washington Post how a “strategic bitcoin reserve” would work. Bitcoin, a cryptocurrency, is being easily minted too. Unlike our government-backed dollars, crypto is privately created, the reason there are now about 9000 such currencies. Easy-peasy, they’re what your mom might call too good to be true.

The Post’s article recapped how president-elect Donald Trump, who once poo-pooed bitcoin for being “based on thin air,” had recently claimed it was “going to the moon.” He wants to make sure the U.S. leads the way. So Trump is now entertaining the idea of the U.S. government purchasing bitcoin and holding it in reserve. What does that mean?

Care Can’t Wait: Why Families Must Come Before Billionaires in the 2025 Tax Fight

PUBLISHED 1/9/2025 by

When doctors discovered a concerning spot during Martresa’s routine checkup, they urged her to come in immediately for further tests and treatment. But as a single mother caring for both her chronically ill mother and young daughter, Martresa faced an impossible choice. With no paid leave or caregiving support, seeking treatment meant potentially losing her job and health insurance. Like so many, she made the decision to put her family’s care before her own. A few years later, Martresa received an alarming cancer diagnosis—the consequence of a system that forces us to choose between work, caring for ourselves and caring for the people we love. It’s not a real choice at all. 

The new Republican-dominated Congress has already begun preparations for debating new tax legislation, and Martresa’s story illuminates what’s at stake. Will the U.S. continue to enrich those whose wealth is already unimaginable, or will Congress invest in families and the care that families need in order to work? 

Close the Gender Giving Gap: Women Need More Charitable Support in Wake of the Election

PUBLISHED 12/11/2024 by

Despite widespread recognition of gender-based violence, U.S. voters elected a president who a jury held accountable for sexual abuse and who openly disparages women—at once sending a chilling message to survivors and emboldening their abusers. Just days after the election, we heard from a survivor who reported that her boyfriend told her he could do […]

Women’s Independence, Credit Cards and Economic Power: Celebrating 50 Years of the Equal Credit Opportunity Act

PUBLISHED 12/6/2024 by

The Equal Credit Opportunity Act (ECOA) of 1974 enabled women to get credit cards or a mortgage without a co-signer, making it a pivotal milestone for women’s financial independence. The 50th anniversary of ECOA being signed into law by President Gerald Ford fell just a week ahead of the recent presidential election, considered by many to be a referendum on women’s rights in a political climate still reeling from the revocation of Roe. That critical landmark for women’s autonomy was overturned by the Dobbs decision in 2022, one year short of reaching its own half-century observance. 

By focusing on women’s independence through the lens of economic power over the last 50 years, a new Smithsonian exhibit—”We Do Declare Women’s Voices on Independence,” commemorating ECOA’s passage—hones in on another essential factor in women’s ability to achieve freedom, security and power: financial independence.

War on Women Report: Infant Mortality on Rise Post-Roe; Want a President Who Isn’t Accused of Rape? ‘Request Denied,’ Tweets Andrew Tate

PUBLISHED 12/2/2024 by and

U.S. patriarchal authoritarianism is on the rise, and democracy is on the decline. But day after day, we stay vigilant in our goals to dismantle patriarchy at every turn. The fight is far from over. We refuse to go back, and we refuse to let the incoming Trump administration quietly dismantle the progress we’ve made. We are watching. This is the War on Women Report.

Since our last report…
—Since the Dobbs decision, U.S. infant mortality rates were higher than usual, with hundreds more infants dying than expected. Abortion bans can hurt access to broader healthcare for both babies and mothers, including reducing a state’s number of maternal healthcare providers as bans lead to OB-GYN exoduses.
—Seven women, including three in Texas, have died after receiving inadequate miscarriage and abortion care.
—Trump’s win, after being accused of sexual assault by 27 women, sends a disheartening message to victims of sexual assault and advocates.

… and more.

It’s Not the Economy, Stupid

PUBLISHED 11/25/2024 by

This election is an unfortunate macrocosm of what Black women experience each day across industries: a fundamental lack of trust to lead.

It is long past time for us to face the fact that racism—specifically anti-Blackness—and sexism are at the base of the many other reasons Harris was unable to triumph in this election.

The Public Is Demanding Paid Sick Time. It’s Time for Lawmakers to Pay Attention.

PUBLISHED 11/19/2024 by

There was a promising development in the 2024 election that should not be overlooked: By large and decisive margins, voters in Alaska, Missouri and Nebraska all voted yes to enacting new paid sick time laws in each state. Now, 3 million more U.S. workers have the legal right to paid sick time and will no longer need to make the impossible choice between sacrificing a paycheck and going to work or sending a child to school sick.

With these ballot wins, 19 states, as well as over a dozen localities, have now embraced paid sick time as a fundamental workplace right—and that is worth celebrating. But access to such a vital protection shouldn’t depend on luck or zip code. Tens of millions of workers are still being left behind. If Congress wants to address widespread concerns about economic hardship and rising costs of living, they can listen to voters and tangibly improve the well-being of working families everywhere by passing the federal Healthy Families Act.

The First, First Gentleman: Breaking More Than One Glass Ceiling

PUBLISHED 11/4/2024 by

First ladies, while unofficial in title, have been unofficially tasked with hosting state dinners, advocating for social and philanthropic causes, and managing the White House’s image, without ever getting paid or recognized the way they should be. It’s a microcosm of the way our society still places these expectations on women in domestic spaces. Even though this labor is essential, it is often taken for granted.

Now, imagine a man stepping into this role. If a first gentleman were to perform these duties, it might force the country to rethink why these responsibilities were so heavily feminized in the first place. And even more so, it might make people question why this type of labor—whether done in the White House or in everyday homes—has been undervalued for so long.