Show Less
Restricted access

Women Lead

Career Perspectives from Workplace Leaders

Edited By Tracey Wilen-Daugenti, Courtney L. Vien and Caroline Molina-Ray

Women are taking the lead in today’s workforce. They hold half of America’s jobs, 51% of supervisory and managerial positions, and nearly 60% of all college degrees. A woman starts a business in the U.S. every 60 seconds. Without women, the U.S. economy would be 25% smaller than it is today.
Women Lead is an in-depth examination of women’s role in today’s workplace. Drawing on interviews with nearly 200 women leaders, and survey responses from more than 3000 male and female managers, the book explains 21st-century career trends and provides practical advice to help women excel in the new world of work. Readers will discover facts, figures, and real-life stories about leadership, education, and career planning, and learn how women are using negotiation, networking, and other collaborative practices to lead their organizations into the future.
Show Summary Details
Restricted access

3. Women in the Workforce: Opportunities for Women in the New Economy

Extract



Women in the Workforce

Opportunities for Women in the New Economy

Changes in technology, globalization, and demographics are causing a tectonic shift in the way America works. Over the past 60 years, the US economy, once based largely on heavy industry, has become more and more dependent on services and the transfer of information. Technological improvements have increased productivity in the manufacturing sector, enabling manufacturers to produce more goods with fewer workers; at the same time, global competition has made it cheaper for companies to buy goods from abroad than to produce them domestically. Both forces have led to a net loss of jobs in the manufacturing sector.

Meanwhile, the service sector has seen rapid growth. Many businesses now sell services rather than, or in addition to, products. IBM, for instance, still manufactures computers and hardware, but also sells software and offers an array of business services such as analytics, hosting, consulting, marketing, and IT support. Much of the value of many products, especially electronics, is derived from the services associated with the products rather than the goods themselves. Cell phones, for example, are relatively cheap to manufacture. Services like design, research and development, marketing, administration, and logistics are factored into their cost, and other services, such as the development and selling of data plans, software, and apps, add to their value. The need for such business services has spurred substantial job growth. ← 43 | 44 →

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.