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Friday, May 04, 2007
Can't we outsource this?
Yes, a mother's work is never done. Yes, I wouldn't change our family's decision to have Ms. Hammer be a stay-at-home mom for $140,000/year. Yes, yes, yes.
But.
When we start calculating the salary a stay-at-home parent could command, aren't we neglecting to factor in the downward pressure on wages we would see without outsourcing? I mean, either we could ship all our babies to the Philippines to be raised, or we could get a few million more au pairs to raise our kids for us.
So you can't really calculate the value of the services while ignoring the obvious consequences we would see if we actually had to pay for the work stay-at-home parents do.
Labels: economics
