A Quote by Sheryl Sandberg
People assume Wall Street is a certain culture and tech is a certain culture. But if you look at the (gender) numbers at the top of (those) industries, they don't vary very much. I think in finance, women hold 19 percent of the top jobs, and women are 21 percent of the leaders in nonprofits.
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Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.
This is a very important issue that the corporate media chooses not to talk about a whole lot, that we have an economic system which is rigged, which means that at the same time as the middle class of this country is disappearing, almost all of the new income and wealth in America is going to the top 1 percent. You have the top one-tenth of 1 percent owning almost as much wealth as the bottom 90 percent - 58 percent of all new income is going to the top 1 percent.
What democratic socialism is about is saying that it is immoral and wrong that the top one-tenth of 1 percent in this country own almost 90 percent - almost - own almost as much wealth as the bottom 90 percent. That it is wrong, today, in a rigged economy, that 57 percent of all new income is going to the top 1 percent. That when you look around the world, you see every other major country providing health care to all people as a right, except the United States.
This is what oligarchy looks like: Today, the top one-tenth of 1 percent owns almost as much wealth as the bottom 90 percent. The top one-hundredth of 1 percent makes more than 40 percent of all campaign contributions. The billionaire class owns the political system and reaps the benefits from it.
It is all of our jobs to make sure that women's rights are human rights, and that they do have a place at the table, and we all push toward equality. The leadership numbers for women in business really haven't changed since I began as CEO. There are only 21 female CEOs at Fortune 500 companies, there is only 17 to 19 percent of female representatives in Congress, there are only eight female governors.
By 2015, the top 1 percent of families took home more than 20 percent of income. Wealth distribution was 10 times worse than that: the families in the top 1 percent owned as much as the families in the bottom 90 percent.
I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
For the three decades after WWII, incomes grew at about 3 percent a year for people up and down the income ladder, but since then most income growth has occurred among the top quintile. And among that group, most of the income growth has occurred among the top 5 percent. The pattern repeats itself all the way up. Most of the growth among the top 5 percent has been among the top 1 percent, and most of the growth among that group has been among the top one-tenth of one percent.
It's immoral and wrong that the top 1 percent of the USA owns almost as much wealth as the bottom 90 percent. We should look at countries like Denmark and Sweden and Norway and look at what they've accomplished for their working people.
The Screen Actors Guild numbers are frightening: Something like 90 percent of the roles are for men, 5 percent are for livestock and 5 percent are for women.
We don't think only men can be powerful and strong. Behind the heads of the Mafia, the leaders of culture, there are always very strong women. European culture is a matriarchy, especially in the south. The women have a lot of power.
Women are not making it to the top. A hundred and ninety heads of state; nine are women. Of all the people in parliament in the world, thirteen per cent are women. In the corporate sector, women at the top - C-level jobs, board seats - tops out at fifteen, sixteen per cent.
If we're having a glitzy over-the-top moment, fashion is very glitzy and over-the-top, you know, over-the-top. If we're having a moment where things are, you know, we're in a recession, fashion becomes quiet. So, in terms of popular culture, fashion and especially women's fashion is incredibly interesting, aside from satisfying just a particular need to create and arrange things in a way that one sees as beautiful. And so, in a certain way, it's fulfilling. In another way, it's very fleeting because it doesn't last very long. You know, a beautiful moment in fashion goes away very quickly.
Oh, look at this. NBC/Wall Street Journal: "Thirty-eight percent of the American people say [Donald] Trump's comments about women disqualify him from being president."
President Obama's proposal to raise the top rate to 39 percent is equal to the rate under President Clinton in the 1990s when Wall Street reached record high levels and the economy produced lots of jobs.
I'd like to see a world where there are so many Latina women leaders - and women of all different backgrounds - in the top jobs around the country. When that happens, we've succeeded.
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