Washington, D.C.–(ENEWSPF)–April 15, 2014. A new report released today by the Center for American Progress and the Center for Economic and Policy Research puts a dollar value on the economic importance of women’s rising work hours since 1979. According to the report, gross domestic product, or GDP, was roughly 11 percent higher in 2012 because women’s employment patterns changed over the past three decades. In today’s dollars, this translates to more than $1.7 trillion in output—roughly equivalent to combined U.S. spending on Social Security, Medicare, and Medicaid in 2012.
