What Women-Owned Manufacturing Businesses Can Teach Us About the Global Economy
August 12, 2024BruceDayneDisaggregated economic data is information about the economy broken down into categories such as race, gender, age and other variables. The Bureau of Labor Statistics didn’t make it possible to disaggregate employment data by both race and gender until 1972. So, how do economists find out what the economy looked like before disaggregated data?
Marketplace’s Kristen Schwab spoke with Ruveyda Nur Gozen, a research economist at the London School of Economics who has studied female entrepreneurs of the 19th century, about how she and her research partners backed into a dataset on women-owned manufacturing businesses and what it can teach us about the global economy today.
Here is an edited transcript of their conversation . A quick snippet from the interview on who Gozen thinks is a cool entrepreneur:
“Josephine Cochrane, who invented the dishwasher machine. She invented that, patented it, and it became a very successful business. And if you look at, for example, the 19th-century innovations by women, it is very much concentrated in household appliances. So you would see a lot of applications like dishwasher machines, ovens, or refrigerators and those types of machinery. I think that was very fascinating,” says Gozen”
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