{"id":1473567,"date":"2022-05-12T19:29:45","date_gmt":"2022-05-12T23:29:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1473567"},"modified":"2022-05-12T19:30:01","modified_gmt":"2022-05-12T23:30:01","slug":"the-medias-new-line-abortion-is-good-for-the-economy-heres-why-thats-wrong","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-medias-new-line-abortion-is-good-for-the-economy-heres-why-thats-wrong\/","title":{"rendered":"The Media\u2019s New Line: Abortion Is Good For The Economy. Here\u2019s Why That\u2019s Wrong"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-medias-new-line-abortion-is-good-for-the-economy-heres-why-thats-wrong%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1473567&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><ul>\n<li><strong>Corporate media outlets argued that abortion restrictions will hurt the economy by keeping women out of the workforce and creating financial burdens for mothers.<\/strong><\/li>\n<li><strong>The Wall Street Journal Editorial Board refuted these claims, pointing to the contributions that are lost from children who are never born.\u00a0<\/strong><\/li>\n<li><strong>\u201cAbortion is a fraught moral issue, which is why it ought to be settled democratically, rather than by judicial fiat. But its consequences can\u2019t be measured by lifetime earnings or the labor participation rate\u201d the WSJ argued.<\/strong><\/li>\n<\/ul>\n<p>Corporate media outlets have advanced the line that abortion is good for the economy because it keeps women in the labor force and saves them from the cost of raising children, but some say these arguments are fatally flawed.<\/p>\n<p>Axios, CBS News, Bloomberg, Fortune and PBS each published articles advancing the argument that abortion restrictions after the likely overturning of Roe v. Wade would be a financial burden for individual women and would hamper the economy by keeping women out of the labor pool. The Wall Street Journal Editorial Board pushed back against these claims, pointing to the economic loss associated with abortion as children can\u2019t grow up to innovate, start businesses and otherwise contribute to society if they\u2019re never born to begin with.<\/p>\n<p>The Wall Street Journal Editorial Board <a href=\"https:\/\/www.wsj.com\/articles\/janet-yellen-on-abortion-and-the-economy-tim-scott-senate-roe-v-wade-labor-force-participation-11652300307?mod=opinion_lead_pos2\" target=\"_blank\" rel=\"noopener noreferrer\">pointed<\/a> out that, while women\u2019s economic situations improved in the years after Roe, there were many other cultural changes in those decades, including increased access to birth control, that accounted for women\u2019s economic progress.<\/p>\n<p>The opinion piece also noted that children are good for the economy because they eventually grow up and contribute through work and innovation \u2013 all of which are lost when a child is aborted. The editorial board argued that human capital is essential to economic growth.<\/p>\n<p>\u201cThese arguments also ignore the economic loss associated with the children lost to abortion, who are never able to join the workforce,\u201d the editorial board wrote. \u201cPeople are assets, the source of inventions and new businesses. Human capital is crucial to economic growth and a dynamic society.\u201d<\/p>\n<p>Axios <a href=\"https:\/\/www.axios.com\/2022\/05\/12\/abortion-women-jobs-families-economics-yellen\">wrote<\/a>\u00a0Thursday that overturning Roe v. Wade would reverse some of women\u2019s <a href=\"https:\/\/dailycaller.com\/2022\/05\/12\/inflation-abortion-msnbc-katie-porter\/\">economic<\/a> progress and slow the economy generally because fewer women would finish college and start careers if they had children, citing research on the matter.<\/p>\n<p>\u201cLegalizing abortion was one of the most meaningful economic policies of the past 50 years for women \u2014 bolstering their educational attainment and career advancement, as well as reducing poverty rates for women and families, research shows,\u201d the article said.<\/p>\n<p>The article cited researchers who claimed <a href=\"https:\/\/dailycaller.com\/2022\/05\/09\/new-york-times-medication-abortion-pill-roe-v-wade\/\">abortion<\/a> benefited children and resulted in higher wages for women, particularly black women. <a href=\"https:\/\/dailycaller.com\/2022\/05\/06\/jen-psaki-joe-biden-abortion-white-house\/\"><strong>(RELATED: Psaki Won\u2019t Say If Biden Supports Unrestricted Abortion Up To Moment Of Birth)<\/strong><\/a><\/p>\n<p>Fortune published the <a href=\"https:\/\/fortune.com\/2022\/05\/03\/cost-of-abortion-restrictions-supreme-court-roe-v-wade\/\">claim<\/a> earlier this month that abortion restrictions already cost the country $100 billion annually in reduced earnings and increased turnover, <a href=\"https:\/\/iwpr.org\/wp-content\/uploads\/2021\/05\/Costs-of-Reproductive-Health-Restrictions_Research-Summary.pdf\">citing<\/a>\u00a0a 2021 study from the Institute for Women\u2019s Policy Research.<\/p>\n<p>\u201cIf all current state-level abortion restrictions were eliminated\u2014not even considering a Roe reversal\u2014the IWPR estimates that 505,000 more women of reproductive age would be in the workforce and earning about $3 billion annually,\u201d the article said. \u201cThat money would contribute to everything from increased spending to increased taxable income.\u201d<\/p>\n<div id=\"attachment_7428603\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-7428603\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 MAY 08: Abortion-rights activists hold signs during a Mothers Day demonstration outside the U.S. Supreme Court on May 8, 2022 in Washington, DC. (Photo by Bonnie Cash\/Getty Images)<\/p>\n<\/div>\n<p>PBS <a href=\"https:\/\/www.pbs.org\/newshour\/economy\/heres-how-the-right-to-abortion-is-also-an-economic-issue\">ran<\/a> an article May 5 originally <a href=\"https:\/\/19thnews.org\/2022\/05\/supreme-court-justice-samuel-alito-abortion-economy\/\">published<\/a> by the feminist organization The 19th which argued abortion was an economic issue because the costs of childbirth and raising children would hold women back financially.<\/p>\n<p>A Bloomberg article May 3 also <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-03\/u-s-abortion-rollback-risks-erasing-economic-gains-for-women\">argued<\/a> new abortion restrictions would hurt women economically.<\/p>\n<p>\u201cAccess to abortion is credited with expanding womens\u2019 roles in economies and labor markets around the world. The ability to access safe abortions is what keeps many American women from falling into poverty, according to decades of research,\u201d the article stated.<\/p>\n<p>CBS News <a href=\"https:\/\/www.cbsnews.com\/news\/roe-v-wade-abortion-ban-economic-impact\/\">argued<\/a> reduced access to abortions would be especially harmful for poor women, who would likely need more government aid and drive up costs associated with food stamps and welfare programs.<\/p>\n<p>The CBS News article relied on a <a href=\"https:\/\/www.nber.org\/system\/files\/working_papers\/w26662\/w26662.pdf\">study<\/a> of over 1,000 women which found that those who sought abortions but weren\u2019t able to get them had worse financial distress in the following years compared to women who did get abortions.<\/p>\n<p>Treasury Department Secretary Janet Yellen echoed the media\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=KgHDrjo6H3E\">claims<\/a> in Tuesday comments to senators about inflation, arguing that \u201celiminating 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 by decades.\u201d<\/p>\n<p>In addition to challenging the broader media\u2019s assumptions about abortion limits hurting the economy, the WSJ\u2019s editorial board said those arguments distracted from the more important moral components of the abortion debate.<\/p>\n<p>\u201cAbortion is a fraught moral issue, which is why it ought to be settled democratically, rather than by judicial fiat. But its consequences can\u2019t be measured by lifetime earnings or the labor participation rate,\u201d the article said. \u201cPutting the difficult moral choice of abortion in such utilitarian terms won\u2019t win over many converts.\u201d<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate media outlets argued that abortion restrictions will hurt the economy by keeping women out of the workforce and creating financial burdens for mothers. The Wall Street Journal Editorial Board<\/p>\n","protected":false},"author":166,"featured_media":1482792,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1473567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1473567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/166"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1473567"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1473567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1482792"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1473567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1473567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1473567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}