Monday, July 27, 2009

Do Women do Better in a Recession?

Do women do better in a recession?

Female managers just might have an edge in a rotten economy, says the author of a new book. Here's why, and how men and women can learn from each other's strengths.

NEW YORK (Fortune) by Anne Fisher -- There's one sure-fire way to start a heated argument, whether around the water cooler or at a dinner party: Just say something that suggests women manage very differently from their male peers. Then stand back and watch the fireworks.  

Controversial or not, it's clear that women are doing something differently: Of the roughly 6 million Americans who have lost their jobs since the recession started in December of 2007, 80% are men, the Bureau of Labor Statistics reports. No doubt, a big part of the reason is that men tend to dominate in the cyclical businesses which have been decimated by the downturn, including manufacturing, construction, engineering and finance. Female-dominated fields like nursing and education have been less hard-hit, at least so far. 

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