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Tim Pool Daily News

Should The Government Force Companies To Promote Women?

Tim Pool Daily News

Timcast Media

Politics, Society & Culture, News

4.47.3K Ratings

🗓️ 14 September 2018

⏱️ 11 minutes

🧾️ Download transcript

Summary

A new law would require companies to maintain a minimum amount of women on their corporate boards. Many argue that discrimination is keeping women out of STEM fields while others argue that men are just more interested or more likely to take these jobs. Regardless of why, California has passed a bill mandating companies promote and hire women to their boards. Is this just social justice gone too far or are women really being held back by discrimination that a feminist push could alleviate? Was this the right move or will it just make things worse? Support the show (http://timcast.com/donate) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

A new bill has been passed in the Senate and the Assembly in California,

0:03.7

and currently only needs to be signed by Governor Jerry Brown to become law.

0:08.3

This law would require companies to have a minimum amount of women on their board.

0:12.4

The logic being, companies with women on their board tend to do better in a lot of different ways,

0:17.8

and by having women on the board you will show women within the company that there is an opportunity

0:22.2

for growth, essentially, that the glass ceiling has been broken. But there is criticism.

0:27.2

Some investors, even women, are saying this will turn women into quota hires.

0:31.6

It will make people doubt their actual ability. Others say that by policing for outcome,

0:36.2

you'll require companies to lower their standard and find people who are less qualified to

0:40.7

simply fulfill their obligation onto the law. But there are people who believe this is the right move,

0:45.6

because the only reason they think that women aren't on the board is because these companies

0:49.6

have a boys club that men are essentially keeping women out because it's sexist. But there is

0:55.0

evidence to suggest that isn't the case. There are some studies on the greater male variability

0:59.2

hypothesis, which suggests that there are just more male geniuses, and we can look at that.

1:03.4

But some people say, look, it's already illegal to discriminate against women. So,

1:08.0

natural leaders companies aren't keeping women out on purpose. They're just finding the best

1:11.6

candidates who happen to be men. But let's take a look at the story and break down what people

1:16.0

are actually saying, why they think this law is a good idea, and why people think this law is a

1:20.4

bad idea. From Ricod, a new California law, if passed, could force companies like Facebook,

1:25.2

Tesla, and Alphabet to add more women to their boards. It's up to Governor Jerry Brown.

1:29.6

Bill SB 826, which passed California's State Congress a few weeks ago, and is now on Jerry

1:34.7

Brown's desk, would require all public companies, with principal executive offices in the state,

...

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