Cate Luzio, founder of women’s collaboration space Luminary, talks to female business owners about the impact of COVID-19 and the coming shecession.
COVID-19 is disproportionately impacting women and people of color. The National Bureau of Economic Research estimates that the pandemic has already eliminated 25% of women-owned businesses. As revenues and profits dwindle on average for these businesses, the pandemic will further increase gender inequality in ownership and broaden economic disparities and create what some are calling a “shecession.”
Read the full article here.
This content was originally published by Fast Company. Original publishers retain all rights. It appears here for a limited time before automated archiving. By Fast Company