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Economy

Treasury’s Janet Yellen: Reducing Abortions Would Have ‘Very Damaging Effects On The Economy’

by Information Liberation
May 11th 2022, 5:10 am
Aborting babies is good for the economy.
Image Credit:
Pool via Getty Images
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Aborting babies is good for the economy, so says Treasury Secretary Janet Yellen.

Transcript:

BOB MENENDEZ: Thank you, Mr. Chairman, Madam Secretary, welcome. I want to talk to you about some things that also can affect our economy, the ability to have full control over one’s reproductive health has real-world economic consequences. According to the Institute for Women’s Policy Research, current state-level abortion restrictions already cost the United States about $105 billion annually due to reduced earning levels, increased job turnover, and time off for women. So Secretary Yellen, if the draft of the court’s majority holding in Roe vs. Wade is the actual decision, what impact will the loss of abortion access mean economically for women?

JANET YELLEN: Well, I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades. Roe v. Wade and access to reproductive health care, including abortion, helped lead to increased labor force participation. It enabled many women to finish school. That increased their earning potential. It allowed women to plan and balance their families and careers.

There was no mention of what collapsing birth rates mean for our economy, nor our survival.

Abortions keep women at their desks crunching numbers here and now and that’s all that matters.

Amazon and dozens of other megacorporations announced last week that they’ll cover thousands of dollars in expenses to help their employees get abortions if Roe v. Wade is overturned.

Babies must be sacrificed so our economy can thrive.

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