Connect with us

Technology

Ahead of the Second Anniversary of the Overturn of Roe v. Wade, New IWPR Analysis Shows State Abortion Bans Cost the US Economy $68 Billion Annually

Published

3 months ago

on

WASHINGTON, June 20, 2024 /PRNewswire/ — The Institute for Women’s Policy Research (IWPR) has unveiled a new data model demonstrating that abortion bans in extremely restrictive states are costing the US economy $68 billion per year. This significant economic loss is attributed to reduced workforce participation among women, leading to a substantial decrease in wages and economic power for women and their families.

Dr. Jamila K. Taylor, president and CEO of IWPR: “Reproductive rights—including accessible abortion care—are essential to women’s full participation in society. Less talked about is the impact these extremist bans have on the health of the national economy, where women are half of the workforce.

“Sixty-eight billion dollars. That is how much the 16 states that ban or extremely restrict abortion are costing the US economy each year,” said Dr. Jamila K. Taylor, president and CEO of IWPR. “Reproductive rights—including accessible abortion care—are essential to women’s full participation in society. Less talked about is the impact these extremist bans have on the health of the national economy, where women are half of the workforce. States that have taken proactive measures to protect access to reproductive health services offset these costs some, but the economic consequences of abortion bans remain staggering.”

Since the overturn of Roe v. Wade, several states have passed bans and extreme restrictions that harm all women of reproductive age, particularly Black, Latina, low-income, young, and rural women, as well as LGBTQ+ individuals who already face systemic obstacles in accessing health care and economic opportunities. IWPR’s research demonstrates that these bans also impose tremendous costs on the US economy. Abortion bans not only reduce women’s participation in the workforce but also result in significant losses of wages for women. For businesses, restrictions on access to reproductive health care can affect their ability to build a strong workforce, impacting their bottom line and adversely affecting state economies.

Key Findings

Economic Loss from Restrictions—IWPR estimates that the 16 states with either an abortion ban or extreme restrictions cost the national economy $68 billion annually. (See map here.)Protective States Mitigate Costs—States that protect abortion rights are reducing these economic losses. If the eight states with strong protections for the right to abortion did not have these in place, the cost of reproductive rights restrictions to the national economy would rise an additional $45 billion.Impact on Labor Force Participation—In states with bans and extreme restrictions, labor force participation among women aged 15 to 44 would be higher if these bans were absent. For example:

In North Dakota and South Dakota, women’s labor force participation would be 2.6 percent higher.
In Mississippi, women’s labor force participation would be 4.0 percent higher. 

National Impact on Labor Force—Nationally, an estimated additional 0.8 percent of women aged 15 to 44 would enter the labor force in the absence of reproductive health restrictions, adding 360,588 more women to the nation’s labor force annually.GDP Growth—Elimination of these restrictions would increase the national gross domestic product (GDP) by half a percentage point, boosting the most recent GDP growth rate estimate of 1.3 percent for June 2024 by over a third.State-Specific GDP Increases—Three states with bans—Arkansas, Mississippi, and Missouri—would have GDPs that are 1.28 percent, 1.28 percent, and 1.29 percent higher, respectively, equating to the most recent estimate of national GDP growth.Additional Earnings for Women—Without these bans and restrictions, employed women aged 15 to 44 would earn significantly more annually, contributing to economic stability and growth.

“States that insist on restricting women’s reproductive freedoms are hurting everyone who lives there,” said Kate Bahn, IWPR chief economist and senior vice president of research. “Women are key drivers of the American economy; the more far right lawmakers block access to reproductive health services and hinder the ability of women to participate in the workforce, the more local communities and families suffer. It is a classic lose-lose situation: these laws harm women and hurt state economies in the process.”

The Institute for Women’s Policy Research strives to win economic equity for all women and eliminate barriers to their full participation in society. As a leading national think tank, IWPR builds evidence to shape policies that grow women’s power and influence, close inequality gaps, and improve the economic well-being of families. Learn more at IWPR.org and follow us on Twitter.

Media Contact

William Lutz, IWPR, 2027855100, media@iwpr.org, iwpr.org

View original content:https://www.prweb.com/releases/ahead-of-the-second-anniversary-of-the-overturn-of-roe-v-wade-new-iwpr-analysis-shows-state-abortion-bans-cost-the-us-economy-68-billion-annually-302178282.html

SOURCE IWPR

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

KM Malta Airlines, the Maltese Islands’ New National Carrier, Implements CellPoint Digital’s Payment Orchestration Solution

Published

55 mins ago

on

September 23, 2024

By

The partnership will enable KM Malta Airlines to provide passengers with a seamless payment experience and access to their preferred payment methods.

LONDON, Sept. 23, 2024 /CNW/ — CellPoint Digital, a global pioneer in Payment Orchestration, is proud to announce it has partnered with KM Malta Airlines to support the airline’s payment processes across multiple sales channels, including on its website and App, allowing passengers in future to pay with key alternative payment methods (APMs) like Apple Pay.

From the start of operations on March 31, 2024, CellPoint Digital was entrusted to support KM Malta Airlines’ payment processes across. Using CellPoint Digital’s Payment Orchestration platform, KM Malta Airlines launched the service with optimised payment processes, a cost-effective payment strategy, and a customer-centric payment model. This partnership reflects the airline’s commitment to providing its passengers with a seamless, convenient payment experience and the airline’s recognition of CellPoint Digital as a valued payment solution provider.

Through its partnership with CellPoint Digital, KM Malta Airlines gains access to a network of acquirer connections, including its newly introduced partner, Shift4 (formerly Finaro), to support its growth strategy. This allows the airline to optimise transaction routing, reduce payment costs, and settle in its preferred currency.

“It’s not often that we get to be present at the inception of one of Europe’s next great airlines, but that’s the opportunity we have with this partnership,” said Kristian Gjerding, CEO of CellPoint Digital. “By prioritising its payment strategy as a cornerstone of its launch strategy, KM Malta Airlines demonstrates that it cares about providing passengers with the best possible booking experience and setting itself up for future success.”

Roy Kinnear, CCO of KM Malta Airlines, stated, “A highly optimised, cost-efficient payment strategy is important to the success of our airline. That’s why we partnered with experts in aviation payments to deliver a comprehensive platform tailored to our passengers’ needs and allowing us to expand our offering of customer choice payment mechanisms.”

The Advantage of Day-One Payment Orchestration

Payment Orchestration is a concept that describes the end-to-end management of all components of a payment, from authorisation to routing to settlement to reporting, allowing airlines to boost conversions in direct and indirect sales channels at lower transaction costs. CellPoint Digital’s Payment Orchestration Platform, which KM Malta Airlines will implement, routes transactions intelligently to increase acceptance, simplifies and centralises back-end reconciliation, integrates various payment methods like Apple Pay, and easily accommodates multiple PSPs and acquirers, including KM Malta Airline’s preferred acquiring partner, Shift4.

For more information about the CellPoint Digital partnership with KM Malta Airlines or to speak with company executives, please get in touch with Steven Osei at steven.osei@cellpointdigital.com

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more. 

About KM Malta Airlines

The KM Malta Airlines schedule serves 17 airports across 15 key European cities, namely, Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, London Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles de Gaulle, Paris Orly, Prague, Rome, Vienna and Zurich.

Bookings can be made on kmmaltairlines.com

Contact: media@kmmaltairlines.com

 

View original content:https://www.prnewswire.com/news-releases/km-malta-airlines-the-maltese-islands-new-national-carrier-implements-cellpoint-digitals-payment-orchestration-solution-302254685.html

SOURCE CellPoint Digital

Continue Reading

Technology

Advantech Unveils Expanded Singapore Office to Boost ASEAN Presence and Support AIoT Innovations with Strategic Partnerships

Published

55 mins ago

on

September 23, 2024

By

SINGAPORE, Sept. 23, 2024 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in industrial IoT and embedded computing solutions, has officially inaugurated its expanded regional office in Singapore. This strategic investment is set to enhance Advantech’s core competencies within the ASEAN region. Located at 7002 Ang Mo Kio Avenue 5, the new office will double the company’s current facility space, enhancing its infrastructure to meet the rising demand for high-technology solutions, particularly in the semiconductor sector. The expansion underscores Advantech’s commitment to collaborating with silicon and ecosystem partners and investing in local talent development through industry-academia partnerships. The new office will also support Advantech’s Configure-To-Order Service (CTOS), reinforcing its strategic goal of deepening and localising industry presence while advancing a comprehensive AIoT industry development strategy.

Vincent Chang, Managing Director of Asia and Intercontinental Region at Advantech, stated, “The relocation to our new premises marks a significant milestone in Advantech’s nearly 30 years of growth in Singapore. Established in 1995, Advantech Singapore has grown to become a pivotal hub in the ASEAN region, leading to the creation of Advantech Malaysia, Thailand, Indonesia, and Vietnam as key regional business units. Advantech envisions Singapore evolving into a Corporate Development Core Competency hub, focusing on business intelligence, strategic planning, and advancing branding, public relations, and ESG programmes across the ASEAN region.”

Advantech is also excited to launch the second year of its AIoT Innowork programme with Singapore Polytechnic (SP). This year’s projects will focus on sustainable development, net-zero emissions, and generative AI. Students will use Advantech’s WISE-PaaS, a cloud-based platform, to develop AIoT solutions, including a smart outdoor agriculture proof-of-concept within SP’s campus. Additionally, the programme will advance intelligent EV charging and parking space monitoring with Advantech’s LoRaWAN gateway and generative AI, featuring a dashboard for carpark occupancy and an assistive chatbot for availability queries.

In response to the government’s focus on future workforce development, a student team from SP is set to create a proof of concept for a “Generative AI-powered Virtual Sales Agent.” This innovative project aims to transform customer interactions by enhancing sales and engagement through cutting-edge AI technology. SP envisions this technology revolutionising customer engagement, enhancing service support, and improving operational efficiency.

Advantech Singapore is dedicated to advancing the “MySkillsFuture” programme, a key initiative by the Singapore government to support lifelong learning. Advantech aims to build a collaborative value chain that fosters a sustainable and thriving IoT ecosystem by partnering with ecosystem players, academic institutions, and industry leaders. Additionally, through academic collaboration, Advantech seeks to cultivate industry growth and align with its social responsibility objectives by producing and distributing urban farming products to underserved communities. These strategic partnerships are poised to drive long-term industry success and reinforce Advantech’s commitment to its ESG goals.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/advantech-unveils-expanded-singapore-office-to-boost-asean-presence-and-support-aiot-innovations-with-strategic-partnerships-302255164.html

SOURCE Advantech Co. Singapore Pte Ltd

Continue Reading

Technology

Estonia Strengthens Smart Mobility Networking and Strategic Partnerships in the Gulf

Published

55 mins ago

on

September 23, 2024

By

DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Trade Estonia, part of Enterprise Estonia, is concluding its participation at the ITS World Congress 2024 in Dubai, further asserting its leadership in intelligent transport systems (ITS) and smart mobility. Estonia, known for being the first country to allow testing autonomous vehicles on public roads since 2017, showcased its innovative technologies that are setting new benchmarks in smart mobility and ITS.

At the exhibition, Trade Estonia displayed pioneering solutions, including Bamboo Apps’ cutting-edge dispatch system for autonomous shuttles, enabling remote monitoring of unmanned vehicles to enhance safety and efficiency. e-Pavement integrates sensors within road surfaces to improve safety and traffic management, while Auve Tech’s autonomous shuttles seamlessly integrate with public transport, offering efficient and eco-friendly urban mobility solutions. Metrosert is enhancing the precision of smart infrastructure, and Digilogistika Keskus is optimising logistics through advanced digital platforms, boosting supply chain efficiency in smart cities.

H.E. The Ambassador of Estonia to the UAE Maria Belovas stated, “Estonia’s footprint in integrating cutting-edge technology is pivotal in enhancing transportation safety, efficiency, and mobility. Our innovations are designed to meet the evolving needs of global smart cities and ensure a sustainable future for transportation.”

These advancements exemplify Estonia’s commitment to developing intelligent, sustainable, and efficient transport solutions that address both urban and rural mobility needs, and solidifying its global network.

In addition to presenting its technological progress at the ITS World Congress, Estonia focused on building meaningful connections and exploring new avenues for collaboration.

Forging Strategic Global Partnerships

Estonia is dedicated to expanding its international impact by building strategic partnerships, particularly in the Gulf region.

A recent networking event, hosted by H.E. The Ambassador of Finland, Ms. Tuula Yrjölä, and H.E. The Ambassador of Estonia, Ms. Maria Belovas, brought together Finnish and Estonian business delegations to cultivate global connections in smart mobility. The event also facilitated valuable discussions on future collaborations, reflecting Trade Estonia’s ongoing mission to support global innovation and sustainability in transport.

Ms. Maria Belovas highlighted the importance of these international connections in advancing the organisation’s strategic goals and enriching global collaborative efforts.

Building on this momentum, Trade Estonia is gearing up for its next significant engagement at GITEX Global 2024. This upcoming event will serve as a new stage for Estonia to underline their technological advancements and explore new avenues for collaboration with global technology leaders.

About Trade Estonia

Trade Estonia is part of Enterprise Estonia. As a state organisation, Trade Estonia helps Estonian companies to establish themselves in international markets. With a focus on future technologies and pioneering projects, Trade Estonia provides Estonian companies with access to market analysis and marketing strategies and creates the conditions for them to operate successfully on a global scale. Trade Estonia not only promotes the development of new business areas and the establishment of strategic partnerships, but also facilitates access to international networks, thus contributing to the global competitiveness of Estonian companies.

Photo: https://mma.prnewswire.com/media/2512077/Maria_Belovas.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/estonia-strengthens-smart-mobility-networking-and-strategic-partnerships-in-the-gulf-302255186.html

Continue Reading

Trending