Treasury Sec. Yellen says reversing Roe v. Wade would have 'damaging effects on the economy and would set women back decades.'
, it would have a devastating effect on the economy, Treasury Secretary Janet Yellen warned members of Congress on Tuesday.
"It enabled many women to finish school," she said, according to a transcript."That increased their earning potential. It allowed women to plan and balance their families and careers. And research also shows that it had a favorable impact on the well-being and earnings of children."Yellen said many research studies have shown that denying women access to abortions"increases their odds of living in poverty or need for public assistance.
"I think people can disagree on the issue of being pro-life or, or pro-abortion, but in the end, I think framing it in the context of labor force participation is, it just feels callous to me," Scott said."I think finding a way to have a debate around abortion in a meeting for the economic stability of our country is harsh."
"In many cases, abortions are of teenage women, particularly low income and often Black, who aren’t in a position to be able to care for children, have unexpected pregnancies, and it deprives them of the ability often to continue their education, to later participate in the workforce," she said.
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Yellen: Eliminating abortion rights would have 'very damaging' effect on economyTreasury Secretary Yellen: Eliminating a woman's right to seek an abortion would have 'very damaging effects on the economy' and 'set women back decades.'
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