A book report of Women and the American Economy: A look into the 1980s by Juanita Morris Kreps

A book report of Women and the American Economy: A look into the 1980s by Juanita Morris Kreps

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A book report of Women and the American Economy: A look into the 1980s by Juanita Morris Kreps

Authored by Juanita Morris Kreps and published in the year 1976 by Prentice-Hall and Englewood Cliffs, Women and the American Economy: A look into the 1980s probably remains one of the most powerful economic texts in American feministic history. In the book, main ideologies presented relate to the employment and unemployment of women, the concept and enhancement of equal job opportunities across different gender, the link between family, other societal units and the economic impacts of this interrelation, as well as reviews of occurrences and transitions in economic change. Other major themes considered include economic and monetary legislative procedures implemented by the government, Human capital, its existence and processes of legislation, the forces for labor as well as available market for labor, issues attached to sexual discrimination, other socioeconomic factors and feminism. In a broad perspective, the numerous publications falling within this edition truly offer a descriptive of Women and the American Economy.

Being a conglomeration of many papers, the dialogue of these publications is pegged on the rates to which women have developed and are able to expand their performance and economic roles. In this sense, they highlight changes in women’s socioeconomic lives and the resultant effects of changes brought about by the same. Again, they assess the impact of such activities and their transformation into the future; thus ‘A look to the 1980s. Not only does this collection cast an eye into the future, but as well, it quantifies this by a preview of the past. In this preview, the social values, work structures of women, their economic contribution and its overall economic effects are also analyzed and explored in detail.

In consideration of family setups and the relevance of awarding families time for care and development, ‘Women and the American Economy’ considers family roles as a homework that every woman must carry out. It is therefore inevitable that women invest their time in such activities, and that activities related to this must be given priority and consideration. An explorative review of the labor market reveals market segregation, and division of market labor lines. An example of large private firms’ case study indicates that there are those considered as men’s jobs while others are considered as women’s jobs. In this realistic view, there are also disparities in the payment systems offered for each individual and across these professions.

Reviewing the implication of women’s employment activities, there is an overall effect in their family lives and employment economics. Employed women are seen to experience better living conditions in their families. They support family finances and take part in family investment decision making processes. In essence, there is a realization that the more independent women are financially, the better their contribution to the American economy. In the search for this economic power and financial independence, the continuous and progressive establishment of equal opportunity laws takes place. These agitate fore equity, not only on financial and employment fronts but also on political and administration positions of women. When women achieve this distribution of political and administration position, they will stand better chances of participating more in economics and achieve increased equitability. Finally, the book talks about predictions from the 1970s into the 1980s which are indicative of the future expected positions of women in the society. In a nutshell, the whole book sums the position at the time in the topic Women and the American Economy: A look into the 1980s.

The composition of the book is eight articles written by different authors. An analysis of each of these indicates that there is quite an amount of scholarly work presented in them. These works question and critique certain issues in the economic state in relation to the women. To such questions, the articles still provide considerably an amount of answers. Yet even in this case, the articles remain analytical and specific on issues. It would be worth noticing that Kreps book is outstandingly non-sexist owing to the fact that it has six male and six female authors expounding different ideologies in relation to feminism and the economy. These authors also draw various economic projections based on the situations as in 1970s.

In review of the economic situations, projections made into the 1980s raise eyebrows and cause a number of worries. In the current state, there are skewed disparities in employment rates between men and women. In this prism, women are less privileged as they are viewed to earn money for secondary gains only. One of the authors; Nancy Barret, indicates that the society attaches a compulsive rationale to women’s employment situation and refers to their earnings as “pin money.” The prediction of more unemployment in the future then worsens the case, as this would mean less and less employment to the women. In the family set-ups, men are considered as breadwinners. This perception then works in favor of men and against women when it comes to employment and business opportunities. The perception that men are breadwinners and need employment more can be further confirmed by the contribution of Martha Griffiths which indicates more than two thirds of the total sum of women who are employed emanate from widowed, single, separated, or unmarried personalities. Thus, they are not within family set-ups. In cases where they are from married set-ups, most of them come from families where the husbands earn $7000 annually or less. In this sense, they have to work because their income is relevant as a supplementary to the husband’s salaries.

This argument is further substantiated by Griffith’s perspective that indicates that the value attached to the dollar owned by a woman is much less than that owned by a man in the market place. To this extent, analyses of various issues further bring out this inequality in a clearer way. Reviewing the provision of mortgages to men and women, comparing policies of life insurance to men and women, considering the policies on social security as well as analyzing the processes available for securing loans and all the conditions involved openly reveal that the American woman is not favored by her economy.

Unemployment is a sensitive issue that commonly attracts the attention of the society. In many states, it remains among the most common campaign tools used in asking the electorate for their votes by the politicians. Yet Griffiths notes that the American politician of this period is much less concerned with the state of u.............