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Posted
Monday, July 21, 2008 5:24 PM
| By
Meghan O'Rourke
The New York Times just posted an interesting story about women dropping out of the work force. It says that many economists now think that the supposed "opt out" movement has less to do with women's alleged desire to leave the work force and more to do with America's economic downturn. On Tuesday (tomorrow), a new congressional study will lay out all the data. As the Times reporter summarizes it:
The women, in sum, are for the first time withdrawing from work with the same uniformity as men in their prime working years. Ninety-six percent of the men held jobs in 1953, their peak year. That is down to 86.4 percent today. But while men are rarely thought of as dropping out to run the household, that is often the assumption when women pull out.
As Heather Boushey, an economist who's written a lot about the opt-out movement, observes, women who lose their jobs and can't get another say that they're staying home with the kids—the implication being that saying so saves face. Whereas for a man that's not the case. Another economist observes that women's median wages have dropped since 2004. She notes that this is a relatively new experience for women in the work force—not since the 1970s has there been so prolonged a decline—perhaps making women more reluctant than their male peers to accept lower wages.
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