Why Did Women Drop Out Of The Workforce?
Click to read: Why Did Women Drop Out Of The Workforce?
Source: New York Times
Snippet: “The bigger the wage gap across spouses, the smaller the labor supply of the secondary earner, which is typically the wife.” — Stefania Albanesi, an economics professor at the University of Pittsburgh.
In September, the U.S. unemployment rate dropped to 7.9 percent, far below the record high of nearly 15 percent in April. A large part of that drop was driven not so much by economic growth, but by hundreds of thousands of people leaving the job market altogether. A majority of those dropping out were women.
A key factor in their decision? The persistent gender wage gap, experts said.
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