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The true value of Mothers

It's Mother's Day tomorrow [at least in Australia]. To all mothers, everywhere, the very best wishes.....

AlterNet, to mark the day, has an interesting piece on how we underway "value" our mothers - bit could do otherwise:

"This Mother's Day let's give mothers what they really need: a more secure old age. If you're a woman, or a man who cares about his mother, sister, or daughter, there's something you need to know. In the United States women over the age of 65 are twice as poor as men in the same age group.

There's a reason poverty so disproportionately hits women. Most of these elderly poor women were, or still are, caregivers -- and according to most economists, the people who do the caring work in households, whether female or male, are "economically inactive." Of course, anyone who has a mother knows that most caregivers work from dawn to dusk. And we also know that without their work of caring for children, the sick, the elderly, and maintaining a clean home environment there would be no workforce, no economy, nothing. Yet current economic indicators and policies fail to include this work as "productive work."

The good news is that we can change this bizarre way of looking at what is, and is not, productive work. In fact change is already in the works. A 2004 Swiss government survey placed the value of the unpaid work in households at 70 percent of the reported Swiss GDP. And according to salary.com, a U.S. organization, the caring work of a mother is worth over $100,000 per year."

truthdig also takes up this same issue:

"It’s become a Mother’s Day tradition on a par with candy, flowers and guilt. While advertisers wax poetically about the priceless work of motherhood, economists tally up the paycheck for the services she performs.

This year, salary.com estimates the value of a full-time mom at $138,095, up 3 percent from last year. The monetary value of a second-shift mom is $85,939, on top of her day job.

But, alas, the check is not in the mail. Nor will Mom find it next to the maple syrup on her bed tray. Motherhood is what the economists call a monopsony, a job for which there is only one employer."

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