With Mother’s day approaching a number of analysts have calculated the equivalent compensation for a individual doing comparable work. As Huffington Post reports: “A mother’s hypothetical pay fell for the second year in a row, dragged down by stagnating wages in the United States, according to insurance information website Insure.com.
“A mom in 2013 was worth $59,862 per year, down from $60,182 in 2012 and $61,436 in 2011, Insure.com said, calculating the salary based on U.S. Bureau of Labor Statistics (BLS) data.
This was the third year Insure.com released its data just ahead of Mother’s Day.
“By another measure, the “mom salary” rose slightly this year after experiencing a big dip in 2012.
The career website Salary.com, basing its pay figures from businesses employing 25 people or fewer, showed a stay-at-home mom was worth $113,586 in 2013 versus $112,962 and $115,432 in 2011. The domestic work of a mother who has another job was valued at $67,435. “The hypothetical mom salary stagnated as U.S. wages fell to a record low of 43.5 percent of GDP in 2012. For many workers, wages have been stagnant for the past decade, according to the liberal-leaning Economic Policy Institute. Continue reading “Happy Mother’s Day?”