The closer that America comes to fully employing the talents of all its citizens, the greater its output of goods and services will be. We’ve seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you’ll join me as an unbridled optimist about America’s future. — Warren Buffett
In an essay by Warren Buffett1 due to be published in the May 20, 2013 issue of Fortune, the Berkshire Hathaway chairman and CEO reiterates why he’s such a self-described, “unqualified optimist” about America’s future.
Put plainly, Buffett explains: “Women are a major reason we will do so well.”
In place of tenuous glass ceilings in an evolving America, Buffett refers instead to demonstrative “funhouse mirrors,” clouding reflections of self-doubt molded by gender-related insecurity. Buffett frames the issue economically; more fully engaging the talents of women in the workplace equates to greater productivity. Buffett implies that this requires disassembling those fun-house perceptions to begin with.
So what’s the problem? Increased output of goods and services—or this corporate-level argument about human capacity—merely concerns a minority of the workplace. The bottom line of American companies’ balance sheets are imperative for US prosperity as a nation, but only 12 of Forbes’ top 500 companies had women CEOs in 2012 and women comprise only 15.7 percent of board seats in those companies.2
Consider women’s longer life spans, how they represent the majority of both Social Security and Medicare beneficiaries.3
You see that Buffett’s “human capacity” argument for increased productivity in the workplace may come second to the human capital of changing women’s financial realities and behaviors now.
Increased diversity and leadership by women and minorities do represent major reasons to be an “unbridled optimist” (as Buffet puts it) about America’s future.
But there’s a present opportunity for women to have long, rewarding lives with financial freedom and prosperity. Here is an exclusive white paper about the situation at hand, and a guide to realizing that human capacity and human capital in very real ways: Click here for Women and Finance white paper
For more perspective on Warren Buffett's comments, please visit: Bloomberg: Warren Buffett's Career Tips to Young Women