Seneca Women's Ambassador Verveer on Economic Progress (Audio)

and nezdak all advanced. SMP five hundred index up four to six, a gain there of two tenths of one percent down industrials up seventeen, a gain of one tenth of one percent to now at eighteen thousand, five hundred forty seven. The SMP five hundred in next, by the way,

just about four points shy of a record. Nastack up fifteen fifty two sixty a gain of three tenths of one percent, ten year yield, one point five four percent gold down eighty cents the ounce the thirteen thirty eight, the drop of one tenth of one percent crude West Texas Intermediate crude oil of one point two percent of fifty six cents of barrel forty seven ninety seven on West Texas Intermediate. I'm Charlie Pellatin. Thatath's a Bloomberg Business flash.

You're listening to Taking Stock with Bim Box and Kathleen Hays on Bluebird Radio. In twenty fifteen, female full time workers made only seventy nine cents for every dollar earned by men. That equates to a gender wage gap of

twenty one per cent. Women on average earn less than men in virtually every single occupation for which there is sufficient earnings data for both men and women in order to calculate this ratio, and here to tell us more about the progress that women are enjoying and continue to

build for themselves is Ambassador Milan Vervier. Ambassador Vervia is a co founder and executive director of Georgetown University's Institute for Women, Peace and Security, and as a note, she was appointed by President Obama to be the first ever ambassad that are at large for global women's issues at the U. S. State Department. Ambassador Revere, thank you for

being with us. It's a pleasure. Thank you. Now, I want to just note there are a couple of anniversaries which seem to have not necessarily hit the headlines, and one was last week. Would you like to tell us about the nineteenth Amendment? Well, the nineteenth Amendment is the amendment that gave women in the United States the right to vote. Uh. Actually it's August. Uh, so we're nearing

the day. And when you look back at those almost one hundred years, we have indeed made a great deal of progress in the United States, but as you pointed out, in terms of the wage gap and so much more, we still have a way to go. The Seneca Falls Convention took place many years before the Nineteenth Amendment was ratified. Many people might not know about that particular event. Tell us, well, it was the first equal rights convention in the United

States where women and men. And I think it's important to say that women's progress is about progress for everyone, and men are a big part of that effort. Uh. And about a third of the participants in Seneca Falls were men. Uh. And they came together to really work and create a bill of particulars, if you will, uh, to move forward for equal rights for women in this country. Now,

that's been a long time ago. We've come a long way in the process, but we're still on a journey in this country, and certainly women around the world are still on a journey for full equal rights. Yes, that Seneca Falls Convention was held in July of eighteen forty eight. Now you are also the co author with Kim as a reli of Fast Forward How Women can Achieve Power

and Purpose? Can you give us some examples of how how women are using the tools that are available or creating their own tools in order to bridge that wage gap that I described well, The thesis of the book is really to put forward the fact UH that fast forwarding women and girls enabling them to advance fully, whether in the economies of the country or in various social ways access to education, healthcare, etcetera, that all of this is critical to creating a better world, and corporations and

governments increasingly are recognizing this. UH. There is an evidence base case today as there was not U before. UH. Data from all kinds of sources, multilateral organizations, governments, the private sector, from the World Economic Form to the World Bank UH are is demonstrating that UH. Today we know that women's economic participation, for example, is absolutely crucial for

econ comic growth, for jobs creation, for inclusive prosperity. We know, UM, if we're companies that if we diversify our workplace, if we put women into upper management and boards of directors, that our bottom line is going to be better that increasingly this is about not just the moral imperative that it is, but that it is the smart thing to do. And for businesses, it's about business performance. It's about the

bottom line. And in the book we point out how more and more companies and women in companies who are rising to UH positions with authority are making a difference to recognize this evidence space case and to move their their their companies forward and the process also to move women forward UH wherever they are in business. Now, I just want to note that in addition to co authoring the book with Kim Azzarelli, you have both founded Seneca

Point Global. What is Seneca Point Global? And maybe you can transition there to tell us about the glass ceiling that exists in politics and business. What's the state of

that glass ceiling? Well, Seneca Point Global. Obviously, Seneca is from the what we talked about a little earlier, the Seneca Falls Equal Rights Convention and that urgency that continues to be with us UH and it's an effort to fast forward, if you will, UH women and girls globally to create a better world and to create the kinds of outcomes UH in terms of economic and social progress that I think we all want to see. But the reality is we are still up against call it a

glass ceiling, call it barriers of one kind or another. Uh. Whether they're in in legal frameworks, whether there are parts of mindsets, whether they're stereotypes, whatever, there is still a set of hurdles UH. In some places bigger hurdles and other places as lower hurdles that have to be overcome.

In in terms of the World Economic Form, I think is a good measure because it puts out an annual gender gap report and what they show in that report as they look at at countries in terms of the gap between men and women's equality in certain areas economic participation, access to health, et cetera, political participation, and where that gap is closer to being closed, those economies are far more competitive and there's a great deal more progress for everybody.

Thank you very much, Ambassador Milan Vervier, the co founder of Georgetown University's Institute for Women, Peace and Security. This is Bloomberg coming up. Bloomberg Laws, brought to you by Bentley University. What do tying up the finances at converse and managing asset allocations at JPM Moregan have in common a business degree from Bentley University. Because business is everywhere. Prepare here