Is the #MeToo Movement Backfiring on Women in Business?

One of the biggest problems since women have entered the working class has been sexual harassment in the workplace. It is disgusting and sex has no place in the workplace especially the non-consensual variety. After the #MeToo movement with many realizing and seeing what everyone already knew, that workplace sexual harassment was rampant. That said, within this #MeToo craze there have been plenty of false accusations or simply unsubstantiated accusations that have nearly ruined careers, many people trot out the oft repeated “believe women” but in my opinion that attitude is clearly utopian and unsustainable. According to a recently publish Bloomberg article (which I will link below) Wall Street is coming up with new ways to deal with this problem of #MeToo and women will probably hate this solution. Their solution essentially boils down to deal with women as minimally as possible. Is this a good solution? The author of the Bloomberg article I mentioned seems to think this is an unreasonable response where they essentially respond that men should simply rape less but they miss the point that the men who are employing these policies are not the ones raping women they are the ones who are simply terrified of being falsely accused- something they have no control over. I would love if there was some sort of better solution to this issue on both sides but there doesn't seem to be one in sight. Wall Street clearly sees the risk in working with women to be too high to even consider at this point and I am not sure how women in finance will be able to recover from this. Will they simply make more female centered companies with only women or will they somehow convince Wall Street to not actually implement these new practices? Regardless of what happens this a major blow to the goals of the #MeToo movement and I hope to see some interesting debate about this- maybe in the comments?

Bloomberg Article