Men think childcare is affordable. Women don’t
When it comes to the affordability of childcare, men have a much rosier report. Our American Opportunity Survey unveiled that men with children at home were nearly 50 percent more likely than women to say that they could afford childcare. The differences are even more glaring between men and women in urban and rural areas.
To read the article, see “Unequal America: Ten insights on the state of economic opportunity,” May 26, 2021.
What is and what could be
If Black-owned businesses operated at parity with others, they would generate $1.6 trillion more than they do today. The revenue gap is highly concentrated. Seventy percent of the shortfall occurs in just five industries: wholesale trade, retail trade, construction, manufacturing, and professional services.
To read the article, see “The economic state of Black America: What is and what could be,” June 17, 2021.
The real thing
Today, the world primarily eats the meat of animals that are the easiest to farm industrially. Tomorrow, cultivated meat grown from cell lines from specific animals with the best traits, such as Wagyu beef or wild salmon, could be on plates worldwide. If consumers take to these products, the market for cultivated meat could reach USD 25 billion by 2030.
To read the article, see “Cultivated meat: Out of the lab, into the frying pan,” June 16, 2021.
Are we heading into a new era of prosperity?
History suggests that there are essentially two types of economic expansions after recession: those that see GDP grow by 10 to 20 percent cumulatively in postcrisis years, and those that see 30 to 50 percent cumulative growth. Our latest research suggests that the global economy could be on the verge of the latter—a “40 %” recovery that delivers sustained and equitable growth for several years.
To read the article, see “Looking beyond the pandemic: Could the world economy gain more than it lost to COVID-19?,” June 14, 2021.
A new look at how national economies work
McKinsey Global Institute looked at the value generated by eight kinds of companies. Worldwide, the patterns are quite different. One example: “Makers” are by far the biggest value creators in Germany, Japan, and South Korea. The United States gets more balanced contributions from the corporate sector, including a big push from Technologists.
To read the discussion paper, see “A new look at how corporations impact the economy and households,” May 31, 2021.