Wednesday, March 4, 2009

2008 Study Finds the Value of Stay-at-Home Mother at $117,000

An article that provides insight to some of the arguements made by Nancy Folbre in "Blowing the Whistle on Poverty Policy".

If a stay-at-home mother could be compensated in dollars she'd rake in a sum of nearly $117,000 a year.
That's according to a 2008 study released by Salary.com, a Waltham, Mass.-based firm that studies workplace compensation.
The eighth annual survey calculated a mother's market value by studying pay levels for 10 job titles with duties that a typical mother performs, ranging from housekeeper and day care center teacher to van driver, psychologist and chief executive officer.
This year, the annual salary for a stay-at-home mother would be $116,805, while a working mom who also juggles an outside job would get $68,405 for her motherly duties.
One stay-at-home mom said the six-figure salary sounds a little low.
"I think a lot of people think we sit and home and have a lot of fun and don't do a lot of work," said Samantha Russell, a Fremont, N.H., mother who left her job as pastry chef to raise two boys, ages 2 and 4. "But they should try cleaning their house with little kids running around and messing it up right after them."
The biggest driver of a mother's theoretical salary is the amount of overtime pay she'd receive for working more than 40 hours a week. The 18,000 mothers surveyed about their typical week reported working 94.4 hours — meaning they'd be spending more than half their working hours on overtime.
Working mothers reported an average 54.6 hour "mom work week" besides the hours they spent at paying jobs.
http://www.foxbusiness.com/story/personal-finance/lifestyle-money/career-center/quantifying-unconditional-love/

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