Pipeline CEO Katica Roy sat down with Yahoo Finance to discuss the gendered impact of US tariffs, the 2019 July jobs report, and the changing labor force demographics.
-The tariff schedule includes gender as part of its statistical calculation.
-On average, men pay 11.9% more on imported apparel and women pay 15.1% more.
-Tariffs contribute to the Pink Tax, or the fact that women pay 7% more 40% of the time.
-July added 164k jobs, unemployment held steady at 3.7%, and average hourly wages are up 3.2% YOY.
-Women’s labor force participation was expected to fall from 2016 to 2026. Last year we saw women’s labor force participation increase by .4%.
-There are more women (29.5MM) with bachelor’s degrees or higher in the labor force than men (29.3MM).
-Although there’s been an increase in hourly wages, consumers are living in more debt than their parents and paying more for health care, higher education, and housing.