 In the male-dominated world of economics, Janet Yellen has broken one glass ceiling after another. After serving as the second female chair of the U.S. Council of Economic Advisors, she became the first woman to lead the Federal Reserve and, as of Tuesday, the first female Treasury secretary in the history of that institution.
Yellen takes her position alongside a growing number of women in top economic positions. In the second half of 2020, Chrystia Freeland became Canada's first female finance minister and France's Odile Renaud-Basso took the reins of the European Bank for Reconstruction and Development. Christine Lagarde is in her second year atop the European Central Bank; Kristalina Georgieva succeeded her at the International Monetary Fund; the final candidates to lead the World Trade Organization are women. The economic fallout from the spread of Covid-19 is a monumental challenge for policy makers around the world. The pandemic has specific and severe consequences for women, whose jobs are 19% more at-risk than men's, according to research by McKinsey. Women are more likely to work in the informal economies hit hardest by the virus, more likely to be front-line workers and more likely to be care givers to family members. That's particularly true in minority communities and for younger workers.
 Many of the women who've managed to hold onto their jobs are struggling to balance the demands of their families and employers. In the U.S., roughly one-third of women with children are considering leaving the workforce or scaling back their careers because of increased child care responsibilities, according to a different 2020 McKinsey report. "I'm not optimistic," said Alyson Byrne, an assistant professor at Memorial University in Newfoundland, Canada. "Women are being mostly held responsible for managing their child's virtual school or remote schooling, which of course is going to impede their opportunities in the workplace. We are going to see the long term effects of that." Some of those long-term effects, though, may also usher in much-needed reforms. Yellen's agenda includes more aid to small businesses and the unemployed. Freeland has said Canada's 2021 budget will detail the government's ambition to build "affordable, accessible, inclusive and high-quality child care from coast to coast to coast," according to CBC. And new work-from-home policies in India's booming tech services sector are opening new doors for women. -- Naomi Nix | 
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