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NYTimes admits that women don't just opt out for children
Posted by Diane Danielson at 10:08 AM

The NYTimes ran an article today, "Women Are Now Equal as Victims of Poor Economy".  Despite the misleading title (women are usually affected worse than men in poor economies), the article discusses a new study that shows that women are leaving the workforce in a poor economy due to the same reasons the men do:  jobs are eliminated; can't afford to do same job for half the wage; or can't find equivalent work.

The women, in sum, are for the first time withdrawing from work with the same uniformity as men in their prime working years. Ninety-six percent of the men held jobs in 1953, their peak year. That is down to 86.4 percent today. But while men are rarely thought of as dropping out to run the household, that is often the assumption when women pull out.

“A woman gets laid off and she stays home for six months with her kids,” Ms. Boushey said. “She doesn’t admit that she is staying home because she could not get another acceptable job.”

The biggest retreat has been in manufacturing, where more than one million women have disappeared from payrolls since 2001. Like men, many have not returned to jobs in other sectors.

Wage stagnation often discourages them from pursuing new jobs, says Lawrence Katz, a labor economist at Harvard. “While pay was rising solidly in the 1990s, you had women continuing to move into the work force,” Mr. Katz said.

Pay is no longer rising smartly for women in the key 25-to-54 age group. Just the opposite, the median pay — the point where half make more and half less — has fallen in recent years, to $14.84 an hour in 2007 from $15.04 in 2004, adjusted for inflation, according to the Economic Policy Institute. (The similar wage for men today is two dollars more.)

Not since the 1970s has that happened to women for so long a stretch — and because this is a new experience for them, “women may be even more reluctant than men to accept declining wages,” said Nancy Folbre, an economist at the University of Massachusetts.

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