How overturning of Roe vs Wade affects Economy of US:

INTRODUCTION

On June 24, 2022, the United States Supreme Court announced its verdict in Dobbs v.
Jackson Women’s Health Organization, reversing Roe v. Wade (Roe) and upending 50 years
of precedent preserving a woman’s right to privacy in choosing to terminate a pregnancy
before viability. The Court determined that the Constitution does not grant a right to abortion;
Roe and [Planned Parenthood v. Casey] are overturned; and the power to control abortion is
restored to the people and their elected representatives. This ruling allows individual
governments to outright prohibit and outlaw abortion. The state legislation at issue in Dobbs
was Mississippi’s Gestational Age Act, and the Supreme Court found in a 6-3 decision that
the Mississippi statute at issue is constitutional, Roe and Casey were incorrectly determined,
and the provision is valid because it meets rational-basis analysis.

BRACING THE GLOBAL IMPACT OF OVERTURNING ROE V. WADE

The right to an abortion is an economic one. The overturned ruling by the Supreme Court
recently will cause abortion seekers to lose their financial stability, freedom, and mobility.
The majority of the effects will be seen by low- and middle-income individuals, particularly
Black and Brown women. It is evident that the 1973 Roe v. Wade ruling is causally tied to
women's advancements in social and economic life and that its repeal would have a major
and harmful effect on women's lives. The decision might have severe ramifications for pro-
choice activists, those who support the right to an abortion, and socio-legal movements
focused on reproductive rights around the world and not just change American culture,
politics, or the lives of American women. Such ruling took back the rights of women back to
1970s. The ruling of banning abortion pronounced for reducing abortion is not the solution,
but the access to free contraceptives, paid family leaves, ending housing insecurities, funding
full/part of education, early comprehensive sex education makes the difference and reflects
change.

The featured Turnaway Study, which followed women who had been denied an abortion,
found that these women were more likely to experience household poverty, be unable to pay
for necessities of life, have a poorer credit score, have more debt, and run into issues like
bankruptcy and eviction.
Lifting all state-level bans on abortion would boost the nation's GDP by about 0.5 percent
and save state economies an estimated $105 billion annually. That is primarily due to reasons
like decreased labour force participation and wages (if people don't work or have lower
education levels because they are caring for children), rising company turnover, and people
taking more time off of work.

Alongside economic impact, it also reflects the weakening of the legal, economic and social
essence of federal core of the American Constitutionalism. This depicts how the values of
American culture are constantly changing and shifting.

Such overturning of the landmark case of Roe vs Wade paves the way for the legislators of
the States for proving their accountability of upholding the constitutional freedom of ensuring
social good and empowering with access to reproductive rights and needs. The states now
have the complete freedom in deciding whether to grant abortion rights or not. Moreover, the
expensive medical attention and facilities in US makes the option of abortion unreachable for
economical poor women who need to spend whooping amount on travel costs, medical
admissions and procedures, making them inaccessible. In research, it was estimated that by
overturning of Roe vs Wade, the number of the legal abortions could decline by 14%.
Furthermore, the present ruling is a catalyst of the political games of the Congress which has
been defended by the Republicans for the vote bank.

One instance for depicting how overturning of Roe vs Wade impacts the nation is focussing
on the teen pregnancy in the nation. Nearly a reduction of 34% of teen mothers has been
recorded, which could have otherwise caused a burden on the lives of teens, their family,
career and healthcare. Additionally, such teenage pregnancies also impact the mental aspects
of the child born. Abortion of teen pregnancies reduces poverty, child abuse and neglect and
dependence on state public policies.