Man-cession datapoint of the day

By Felix Salmon
October 6, 2009
Chris Swann reports that, yes, men have suffered 75% of the job losses in this recession. But look at the last recession: they suffered 86% of the job losses in that one. And the recession before that? More than 98% of the job losses. He concludes:

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Chris Swann reports that, yes, men have suffered 75% of the job losses in this recession. But look at the last recession: they suffered 86% of the job losses in that one. And the recession before that? More than 98% of the job losses. He concludes:

As the slide in manufacturing and production tails off, male workers can expect some relief. The problems of many women in the workforce are far more ingrained and harder to deal with. Man-cession aside, it’s still a man’s world.

The worlds where I live my professional life — both finance and the blogosphere/punditocracy — are massively overweight men; that’s an unambiguously bad thing. Women are more sensible than men, and less likely to take extreme risks. If we’d had more women in charge of the global financial system, I suspect that the most egregious excesses of the past decade would never have occurred. So if we must have a recession, then a man-cession is exactly what we need.

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