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Women's Working Woes Blamed on a Failing Economy

Women's Working Woes Blamed on a Failing Economy

Over the last few years we have seen a sharp decline in the number of women entering the workforce.  It is being reported that for the first time since the women’s movement of the 60’s the percentage of working women has fallen rather than risen.  Analysts have been chalking it all up to women making the choice to be stay-at-home moms.

In 2000 we were seeing a strong 75 percent of women finding jobs in the workforce.  Since then, we have dropped down two percentage points and now stand at 73 percent.  You may not think 2 percentage points sounds like a big decline, but that 2 percent represents 4 million women who are currently unemployed.  

A recent article from ABC News reports on the latest congressional study’s findings that the failing economy is to blame for the decline of women in the workforce.  This is in direct contradiction to the experts’ earlier theories that women were simply deciding to stay home to raise families.  In fact, they found the decline affected all women regardless of marital status, educational background, race, etc

The study also found that one of the biggest reasons women are leaving the workforce at such a high rate is due to drops in their pay.  According to the Economic Policy Institute, the average pay for women has gone down from $15.04 in 2004 to $14.84 today.

The founder and president of a company called Executive Moms, Marisa Thalberg, discussed the recent congressional study.  She said, “The economy is an equal opportunity offender.  If anything, this study should debunk the notion that women go out the workforce just to raise children.  It’s not a pure emotional decision (to leave the workforce.)  For many women, there’s as much pressure as any man would feel to be the breadwinner.”

What do you think of the latest findings that the economy is to blame for women leaving the workforce?

Do you think there is as much pressure on women as men to be the breadwinner in the family?
 

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  • jessicamac By jessicamac
    10.29.08  

    With economic prosperity, more women can choose to be at home with their children. Now that many men are loosing their jobs, mom and dad are both going to have to work to support the family. This economy is going to effect everyone.

  • kwajgranny By kwajgranny
    10.30.08  

    I can't believe we are really paying congress our hard earned dollars to study women? Aren't there enough problems around they can be working on?

  • Beaniesmom By Beaniesmom
    11.01.08  

    Women are being laid off from their jobs, not just chosing to 'leave the workforce". Layoffs in my part of the country are non-biased. Of course Mom's want to be home to raise their family, but the truth is that it now takes 2 incomes, and sometimes more, to pay the bills. Kwajgranny, YES, this is what congress has created. Yes they waste your money on this and more crap that you will hear about some time in the future. They are busy right now with bailouts and pay-offs. They hardly have time to make that vote to raise our taxes, they are busy sending jobs abroad, and putting you out of your home, and making sure those CEO's are financially sound...

  • SkyeBlue By SkyeBlue
    11.01.08  

    I have been reading many stories online that with the economy the way it is, and the prices of EVERYTHING going up many women feel that instead of working and having to pay for daycare, higher gas prices to drive to and from work, the extra eating out, etc. that it can be easier for some of us to choose to stay home and begin to seriously budget to be able to live on one income. That is what my husband and I have chosen to do.

  • sandybar311 By sandybar311
    11.03.08  

    I was laid off 5 years ago when the company I worked for decided to shut down the division that I worked in. I had worked there for 23 years as an Executive Administrative Assistant. After my unemployment ran out my husband was relocated on his job. I made the decision at this time to stay at home. After about 4 years and needing to get out of the house I took a retail job a few nights a week for very low pay. Had my job not ended I would probably still be there today. I didn't make the decision to stay at home, my employer made it for me.

  • mmyers By mmyers
    11.06.08  

    I have been working for my company for over 13 years and love my job. However, we are not doing very well and have downsized drastically and I am concerned that we may close or be sold. I have checked out the job market where I live and there is not much opportunity right now in the job market. I think women who are not the main bread winner are finding that it is more financially beneficial to stay at home and cut down on expenses than work a low paying job. I would like to see more oportunities for unemployed women to get a better education. Maybe they are out there and I have not heard of them yet.

  • trigg93 By trigg93
    11.06.08  

    As the economy worsens, things are bad for everyone not just women. Many women are not wanting to leave the workforce, they are being forced to leave.

  • deletion By deletion
    11.11.08  

    I was the breadwinner in my family, but my husband has an excellent job as well. Since I really didn't like my job (too much pressure), I recently decided to become a stay-at-home mom. I figured: 1) If there was someone who actually needed and wanted my job in this economy, they could have it, and 2) since everyone is feeling the pinch right now, I could handle feeling the pinch a little too.

  • blinki74 By blinki74
    11.12.08  

    I think that more women just cannot afford decent daycare. Why go to work just to pay someone else to spend time with your child, When you can do it and have that quality time.

  • fawn80 By fawn80
    11.20.08  

    I can't NOT work - my income is 45% of our household income. And yes, I do feel pressure to be a breadwinner. The nice thing is my husband carpools so that's one less expense, and our daycare is only $95/week. Normally, my checks pay the mortgage and bills, and his is mainly for daycare, groceries, and extras. Of course with the price of groceries, there aren't many extras right now.

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