What Would You Pay Your Mom? New Report Says A Mother’s Work Goes Down In Value
With Mother’s Day fast approaching comes the news that if moms actually earned a salary for all the work they do around the house and with the kids, they’d be getting less in their paycheck this year. According to new study, the take-home pay that a mother would earn for doing everything from cooking to handling the family finances would total $59,862 if she were paid on the open market. Insure.com’s analysis of government data on hourly wages in its annual Mother’s Day Index found that a mother’s earning would drop, down from $60,182 in 2012 and $61,436 in 2011.
The decrease is in line with the typical wages for some domestic jobs, which have also fallen, Amy Danise, a spokeswoman for Insure.com, told Today. The Mother’s Day Index looks at 14 jobs that moms might perform, such as cooking, driving, cleaning and taking care of the kids, and then compared this to the Bureau of Labor Statistics wage data for those tasks. It’s worth noting that mothers put in significantly more than the 40 hours of an average work week.
Other economists have taken an even more in-depth look at the value of housework. A government report released last year by the Bureau of Economic Analysis revealed that adding “nonmarket household production” to the nation’s gross domestic product would have raised nominal GDP by 39 percent in 1965 and 26 percent in 2010, reports Today. This would include jobs such as cooking, cleaning and child care that both men and women do around the house.
“The decline in the contribution to GDP is because the hours women spent on housework fell from 40 hours per week in 1965 to 26 hours per week in 2010, and more women entered the paid workforce,” writes Today. This, however, more than offset the increase, from 14 hours in 1965 to 17 hours per week in 2010, that men spent on domestic tasks.
That’s a lot of numbers, but it means that mom is busy and she’s working hard. How much do you think a mother’s work is worth?