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The Motherhood Penalty (April 30, 2014)

By Kristin Rowe-Finkbeiner
Politico

"Here’s a reality check for all of those making excuses and shifting blame. Women now comprise 50 percent of the labor force for the first time in history and most families now need the wages of moms to make ends meet, to put food on the table, to put a roof over their heads. In a time of growing income inequality, when raising a child from birth to age 18 costs more than $200,000 and when a quarter of young families are living in poverty, it’s absurd to say that the wage gap is helpful in any way, shape or form.

And yes, women do care about money.

But fixing the wage gap is not only about women—raising women’s incomes to parity would also boost our economy and save taxpayer funds by lowering reliance on government programs and by putting money directly into our consumer-fueled economy. This would not be a small boost: The Institute for Women’s Policy Research found that U.S. GDP would grow by 3 percent if women were paid as much as men."

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