Startup founders with the most to lose in a recession are working moms - Business Insider

The biggest obstacle facing female founders right now is a lack of childcare options, several female founders told Business Insider. Many had already negotiated an equitable distribution of household and childcare responsibilities with their partners to make time to grow their companies. But the precarious juggling act has now encroached on the traditional workday.

"The conversation philosophically gets back to the idea that work and childcare just do not combine," Kinside cofounder and CEO Shadiah Sigala told Business Insider. "[COVID] exposed the fragile system of childcare in the US and our fragile earning potential. Women depend on childcare to work, and we depend on this system for us to go to work and be at work. When those shut down, there is literally zero infrastructure.

The irony of the sudden halt to childcare is not lost on Sigala, whose startup provides childcare benefits to workplaces across the country. She estimated that roughly 20% of childcare providers will go under as a result of statewide shelter-in-place orders and social distancing measures. If those providers never return to the childcare workforce, that will make the situation only more dire as states begin telling women to go back to work. The mothers may not be able to do so.

"In a two-person household, the caretaker will be the one that ducks out of the workforce first," Sigala said. "If we do not say that we need to support women and create a safety net, we might actually regress instead of advance."

If women are upset that they could lose more money than men perhaps knowing that the virus disproportionately kills more men wil cheer them up.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Best businesses to start despite the 2020 pandemic and recession - Business InsiderAccording to WarrenBuffett, it's time to 'bet on America. That's what's really gotten me through ever since I bought my first stock when I was 11.' WarrenBuffett With 137bn in cash not being bet with. WarrenBuffett Like he bet on airlines?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trucking recession: biggest freight brokerage layoffs in 2020 - Business InsiderTruck brokerage giants have been forced to lay off hundreds as the coronavirus slams trucking – here's a list of the biggest job cuts so far in 2020
Source: BusinessInsider - 🏆 729. / 51 Read more »

Q&A with Veritone One's head of podcasting - Business Insider - Business InsiderThe head of podcasting at Veritone One spoke to Insider Intelligence about how advertisers have shifted priorities in light of the pandemic's impact on podcast listening
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple employees return to work while other tech firms stay remote - Business InsiderApple employees will start returning to the company's offices soon even as other tech giants are letting staff continue working from home I definitely wasn't expecting this. I assumed most tech companies would follow suit with the new course. This article intentionally makes it sound like Apple is an asshole...... “bringing back employees who can't work from home or are experiencing issues doing so” techinsider Keep all the jobs and workforce opened!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Leaked email: some Tesla workers might lose unemployment benefits - Business InsiderLeaked email reveals workers at Tesla's US car factory are allowed to stay home as production ramps up, but they might lose their unemployment benefits Good
Source: BusinessInsider - 🏆 729. / 51 Read more »