The economic consequences of overturning Roe v. Wade will be enormous, experts warn
https://www.cnn.com/2022/06/24/economy/economic-impact-roe-wade-overturn/index.htmlThe economic consequences of overturning Roe v. Wade will be enormous, experts warn
By Anneken Tappe, CNN Business
Updated 4:04 PM ET, Fri June 24, 2022
New York (CNN Business) The overturning of the landmark 1973 Roe v. Wade ruling by the US Supreme Court comes at an economic cost to the nation, economists have warned.
Friday's decision to end the federal constitutional right to an abortion is widely thought to be more ideologically and politically motivated, rather than driven by an attempt to protect women from worse personal and financial outcomes. Those might include financial hardship, restricted ability to attain a higher education and move up the socio-economic ladder, as well as overall poorer health care for women reliant on clinics for preventative care. All of this would affect the state of the workforce, economic output and increase the need for government support, economists say.
"This decision will cause immediate economic pain in 26 states where abortion bans are most likely and where people already face lower wages, less worker power, and limited access to health care," said Heidi Shierholz, president of the Economic Policy Institute, in a statement released Friday. "The fall of Roe will be an additional economic barricade."
In testimony before the Senate Banking Committee last month, Treasury Secretary Janet Yellen said that restricting women's reproductive rights would have "very damaging effects on the economy."
Irish_Dem
(45,640 posts)Their earning power will decrease.
Women pregnant against their will cannot attend college, get high paying jobs, etc.
SheltieLover
(57,073 posts)onecaliberal
(32,489 posts)Irish_Dem
(45,640 posts)They now have half the population subjugated to white males.
Next up LGBT.
Diamond_Dog
(31,663 posts)Irish_Dem
(45,640 posts)If women are pregnant against their will, no college, no good jobs, etc.
It is sickening.
Diamond_Dog
(31,663 posts)How can any woman support this bullshit? How can any woman be a Republican?
Its not like before all this, anyone was forced to have an abortion. If you didnt believe in it, then no one was making you do it. Now we are forced to live under Christofascist rule for everyone. I just dont understand the cruelty.
Irish_Dem
(45,640 posts)They have always had reproductive control so they cannot wrap their heads around all of this.
The point is the cruelty. Most of the GOP do not care about abortion. It is about control, subjugating and putting women in their place.
Creating a docile, compliant populace which feels helpless to change things.
Next up LGBTQ.
Diamond_Dog
(31,663 posts)I hope this fires up those young people who are apathetic.
Irish_Dem
(45,640 posts)Brenda
(1,004 posts)The young women who are "pro-life" have been brainwashed into believing there is a baby in there at conception.
Opiate of the masses and all.
Groundhawg
(517 posts)People will still be able to travel to get one, many will be paid for by decent companies. Traveling, motels, might help the economy.
Irish_Dem
(45,640 posts)They have no money for gas, lodging, etc.
This is a game changer.
I know the younger generation or males have no idea what this means.
The Unmitigated Gall
(3,718 posts)Has been a plank in the repuke platform since fucking forever.
DBoon
(22,288 posts)Lower classes must work unceasingly for the barest minimal compensation, and should have no control over their destiny.
Irish_Dem
(45,640 posts)And women should not go to college or get good jobs any way.
bronxiteforever
(9,287 posts)The Supreme Court opened a gaping wound in the economy and the body politic.
ProudMNDemocrat
(16,485 posts)The 4th one is married with a White husband.
That should make Ole Clarence squirm just a tad. Snd she is a far superior lawyer as well.
We need to hope Joe gets to nominate another one.