Business Case

“How does gender equality impact businesses?”

  • Gender inequality costs women in the United States $1,600,000,000,000 (trillion) per year. (source, Fast Business)
  • Gender diversity/inclusion is more than just a moral imperative, it is good business:
    • Gender diverse teams tend to outperform those that are less gender diverse.(source, Deloitte Insights)
    • Gender diverse teams are more creative, better able to recognize previously unappreciated opportunities, and more likely to anticipate problems. (source, Forbes)
    • Businesses with executive teams in the top quartile of gender diversity were 27% more likely to achieve above-average profitability compared with companies in the bottom quartile for gender diversity. (source, McKinsey & Co.)
    • 66% of high-net-worth investors say it is important to hire and promote business that promote diversity in the workplace (source, Morgan Stanley)
  • American women make up half of the U.S. population and drive 70-80% of all consumer purchasing decisions. (source, Forbes)
  • An examination of stock performances shows that when women have a strong presnece on a corporation’s board the stock prices of that company was higher than those with an all-male board. (source, AAUW)
  • 108 American companies filed an amicus brief in Virginia v Ferriero that included the statement that the 28th Amendment (Equal Rights) will “…improve American competitiveness and help accelerate the post-COVID-19 economic recovery.” (source, Amicus Brief filed by Paul Weiss, Virginia v Ferriero)

Proudly joining the overwhelming majority of Americans that support the ERA, amici recognize that eliminating systemic barriers that impede women’s economic and social advancement will result in a more just, vibrant, and productive America.

Amicus Brief filed on behalf of 108 American corporations by Paul Weiss, Virginia v Ferriero

ADDITIONAL FAQs


Contracts

“Won’t women contractors lose enhanced status for contract bids?”

Draft

“Does constitutional equality mean women will be drafted?”

History

“What is the history of the 28th Amendment (Equal Rights)?”