Friday, March 22, 2013

Boston Globe Validates Predictions about Cashless Payments and Gender Roles

In our annual predictions, we said that as part of "ongoing stories" that we expect to get a lot of coverage in 2013, we identified these two:
  • Salaries paid women vs. men
  •  Cashless payments
Yesterday, the Boston Globe validated both of those predictions.  The "salaries paid women vs. men" stories has actually shifted already to address on women's roles in the office. Part of the reason for that shift is the result of interest in Yahoo's CEO, Marissa Mayer, who recently gave birth and returned from a brief maternity leave. More significantly, Facebook's COO, Sheryl Sandberg, has generated tons of coverage as the result of her book, Lean In: Women, Work, and the Will to Lead. (Incidentally, "Lean In" was one of the phrases we identified last year as a candidate for most overused phrase.) The whole focus on women and the office will continue to generate buzz this year, even after buzz for Sandberg's book dissipates.

Meanwhile, check out these two front-page Globe articles, which validate our prediction about women and salaries, and were published under the banner: "Crunch hits single mothers hard": 
(Meanwhile, taking an opposite angle, the New York Times yesterday reported, "Study of Men’s Falling Income Cites Single Parents." The point: it seems that some gender issues are taking on more significance in the media.)

As for the cashless payments predictions, the Globe also reported: "Not paying by smartphone? You soon will, many bet." While this all seems relatively new to U.S. companies, two of our international clients prefer to pay electronically; in fact, the CFO of one international client told me earlier this week that he can't remember the last time he saw a check! We said we expect cashless payments to become mainstream by 2016 but it may happen sooner (based on comments like that CFOs, since it seems Europe has already embraced cashless payments). Perhaps that time will come by 2015.

What do you think?

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