According to a draft opinion obtained by POLITICO, the Supreme Court is seeking to overturn Roe v. Wade, a sentence that, since 1973, made possible the right to abortion in the United States.
The Supreme Court confirmed that said draft is not definitive, but it is “authentic”, so women from different fields began to speak out against the decision of the superior court.
The possible economic consequences of annulling the right to abortion in the USA
If the Supreme Court overturns the landmark Roe v. Wade in 1973, it would have a devastating effect on the economy, Treasury Secretary Janet Yellen warned members of Congress on Tuesday.
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At a Senate Banking Committee hearing on a financial report on the US economy, Sen. Robert Menéndez asked what reversing the ruling would mean economically for the country.
“I think taking away women’s right to make decisions about when and if they have children would have very damaging effects on the economy and would set women back decades,” said Yellen, the first woman to serve as Treasury secretary.
“Roe v. Wade and access to reproductive health services, including abortion, have helped increase labor force participation. It allowed many women to finish school. That increased your earning potential. It allowed women to plan and balance their families and careers. And the research also shows that it had a favorable impact on children’s well-being and earnings, ” she added.
Yellen said many research studies have found that denying women access to abortion “increases their chances of living in poverty or needing public assistance.” Menendez said that, according to the Institute for Women’s Policy Research, current restrictions on abortion at the state level cost the United States about $105 billion each year.
Yellen added that there is an indirect effect on labor force participation. “ And that means that children will grow up in poverty and do worse. This is not hard. This is the truth,” she said.