It is time to quit viewing motherhood as incompatible with employment.
In 2013, hedge fund billionaire Paul Tudor Jones set off a controversy when he remarked that “you will never see as many great women investors or traders as men.” In his experience, Jones claimed, a woman did fine until she had a child. But “as soon as that baby’s lips touched that girl’s (sic) bosom, forget it….”
By virtually every measure, we are closer to gender equality today than we were fifty years ago—with one very big exception. As Joya Misra notes, the majority of the gender gap in wages is now the result of the lower earnings of mothers. This once led Denise Venable of the National Center for Policy Analysis to claim: “When women behave as men do [by not having children], the wage gap between them is small.” But mothers not only earn less than childless women. They earn less than fathers. When women “behave as men do” and have children, the wage gap between fathers and mothers remains large. more...
