WEBVTT 00:00:00.000 --> 00:00:04.840 align:middle line:90% 00:00:04.840 --> 00:00:07.100 align:middle line:84% - Well, we learned just a short time ago that the Supreme Court 00:00:07.100 --> 00:00:11.600 align:middle line:84% had voted to overturn Roe v. Wade, the landmark 1973 00:00:11.600 --> 00:00:15.080 align:middle line:84% ruling that had guaranteed a constitutional right 00:00:15.080 --> 00:00:18.680 align:middle line:84% to abortion access in the United States. 00:00:18.680 --> 00:00:22.340 align:middle line:84% Now, this triggers a number of abortion 00:00:22.340 --> 00:00:25.160 align:middle line:84% restrictions being enacted across the United States. 00:00:25.160 --> 00:00:28.910 align:middle line:84% It looks like Missouri was first up to do so. 00:00:28.910 --> 00:00:30.440 align:middle line:90% What happens now? 00:00:30.440 --> 00:00:32.729 align:middle line:84% It could be a big impact for women, 00:00:32.729 --> 00:00:34.890 align:middle line:84% particularly women rejoining-- or joining the workforce, 00:00:34.890 --> 00:00:35.690 align:middle line:90% for that matter. 00:00:35.690 --> 00:00:38.480 align:middle line:84% Joining us with details, Yahoo Finance's Alexandra Canal. 00:00:38.480 --> 00:00:40.340 align:middle line:84% Allie, you've been looking into this issue 00:00:40.340 --> 00:00:43.700 align:middle line:84% because this was expected ever since we got the leaked 00:00:43.700 --> 00:00:45.060 align:middle line:90% draft opinion of this. 00:00:45.060 --> 00:00:47.630 align:middle line:84% So what should we be looking at here in terms 00:00:47.630 --> 00:00:48.883 align:middle line:90% of women in the workforce? 00:00:48.883 --> 00:00:49.850 align:middle line:90% ALEXANDRA CANAL: Yeah, Julie. 00:00:49.850 --> 00:00:51.080 align:middle line:84% It's clear that we're going to have 00:00:51.080 --> 00:00:54.120 align:middle line:84% a ripple effect when it comes to the economic impacts, 00:00:54.120 --> 00:00:55.280 align:middle line:90% especially for women. 00:00:55.280 --> 00:00:57.470 align:middle line:84% I had the chance to speak with C. Nicole Mason. 00:00:57.470 --> 00:01:00.290 align:middle line:84% She is the president and CEO of the Institute 00:01:00.290 --> 00:01:02.090 align:middle line:90% for Women's Policy Research. 00:01:02.090 --> 00:01:04.069 align:middle line:84% And she told me that this decision will have 00:01:04.069 --> 00:01:06.890 align:middle line:84% a detrimental impact to women that are looking 00:01:06.890 --> 00:01:09.230 align:middle line:84% to rejoin the workforce, child care being 00:01:09.230 --> 00:01:11.330 align:middle line:90% a big part of that equation. 00:01:11.330 --> 00:01:13.850 align:middle line:84% Even to this day, there are still 2 million 00:01:13.850 --> 00:01:16.640 align:middle line:84% fewer women in the workforce now than at the start 00:01:16.640 --> 00:01:18.530 align:middle line:84% of the pandemic due in large part 00:01:18.530 --> 00:01:20.700 align:middle line:84% to those caretaking responsibilities. 00:01:20.700 --> 00:01:23.210 align:middle line:84% IWPR had some few interesting stats 00:01:23.210 --> 00:01:26.510 align:middle line:84% when it comes to the monetary fallout from all of this. 00:01:26.510 --> 00:01:28.820 align:middle line:84% According to them, they said that state-level abortion 00:01:28.820 --> 00:01:32.320 align:middle line:84% restrictions cost state economies $105 billion 00:01:32.320 --> 00:01:33.750 align:middle line:90% per year. 00:01:33.750 --> 00:01:36.470 align:middle line:84% That's due to a reduction in the labor force, a reduction 00:01:36.470 --> 00:01:39.530 align:middle line:84% in earnings levels, in addition to increased turnover 00:01:39.530 --> 00:01:43.070 align:middle line:84% and time off all for women between the ages of 15 00:01:43.070 --> 00:01:44.285 align:middle line:90% and 44 years old. 00:01:44.285 --> 00:01:46.940 align:middle line:84% And C. Nicole told me that those numbers will only be 00:01:46.940 --> 00:01:49.130 align:middle line:90% exacerbated by this decision. 00:01:49.130 --> 00:01:50.990 align:middle line:84% And then conversely, if we take a look 00:01:50.990 --> 00:01:53.900 align:middle line:84% at what would happen if state-level abortion 00:01:53.900 --> 00:01:55.610 align:middle line:84% restrictions were eliminated, you 00:01:55.610 --> 00:01:57.980 align:middle line:84% can see that more than 500,000 women 00:01:57.980 --> 00:02:01.880 align:middle line:84% would enter the labor force earning $3 billion annually. 00:02:01.880 --> 00:02:03.860 align:middle line:84% We'd also see Black and Hispanic women 00:02:03.860 --> 00:02:06.380 align:middle line:84% seeing an even larger impact on labor 00:02:06.380 --> 00:02:07.910 align:middle line:90% force participation rates. 00:02:07.910 --> 00:02:11.270 align:middle line:84% National GDP levels would also rise, the group estimating 00:02:11.270 --> 00:02:14.250 align:middle line:90% a boost of 0.5% on average. 00:02:14.250 --> 00:02:17.760 align:middle line:84% So there are clearly economic benefits to this. 00:02:17.760 --> 00:02:20.150 align:middle line:84% And I think it's interesting to think, too, that there's been 00:02:20.150 --> 00:02:21.860 align:middle line:90% a lot of research done on this. 00:02:21.860 --> 00:02:23.960 align:middle line:84% And about 3/4 of women will probably find 00:02:23.960 --> 00:02:25.790 align:middle line:90% other states to get abortions. 00:02:25.790 --> 00:02:27.140 align:middle line:84% But that leaves a quarter of women, 00:02:27.140 --> 00:02:30.440 align:middle line:84% who for a variety of reasons, money, travel restrictions, 00:02:30.440 --> 00:02:32.150 align:middle line:90% won't be able to do that. 00:02:32.150 --> 00:02:35.450 align:middle line:84% And that lack of choice is going to set them back economically. 00:02:35.450 --> 00:02:37.760 align:middle line:84% And that could create a cycle of poverty. 00:02:37.760 --> 00:02:38.880 align:middle line:90% - Allie, thank you so much. 00:02:38.880 --> 00:02:40.113 align:middle line:84% Really, important issue and something 00:02:40.113 --> 00:02:42.170 align:middle line:84% we were hearing from Dr. Ruth Shaber 00:02:42.170 --> 00:02:43.660 align:middle line:90% a little bit earlier on as well. 00:02:43.660 --> 00:02:44.460 align:middle line:90% Appreciate it. 00:02:44.460 --> 00:02:46.180 align:middle line:90% Thank you so much.