NEW YORK, Dec. 13 (Xinhua) -- The U.S. boom of influencer economy and a female domination of the industry show that women and their families are hurt financially, having few opportunities to earn an income from traditional sources of employment, which is why many try to give influencing a go, said Bloomberg News on Friday in an opinion article titled "The Influencer Economy Exposes a 70-Year Problem for Women."
"If the United States wants more workers, higher incomes and more tax revenue, this failure in policy needs to be rectified," it noted. "And it is a failure."
In 1990, the United States was a global leader in female labor force participation, just behind the Scandinavian countries but on par with Canada and ahead of Britain and France. Two decades later, the country had fallen behind those countries and 10 others. It has been a laggard since, with the labor force participation rate for women between the ages of 25 and 54 at less than 80 percent, according to the article.
"The key was the elevation and protection of part-time work through right-to-work policies and greater protection against discrimination for part-time workers in pay, promotions and firings," said the article. The economists did find that a similar part-time policy in the United States would lead to an increase of working women -- more than free child care or paid family leave would -- perhaps numbering in the millions.
