I heard two moms talking at a cafe. They were both talking about their kids entering school nursery and how nice it was to get 2.5 hours a day to themselves now. Their kids must have just turned three, and newly qualified for 2.5 hours of free school a day. The one mom asked the other if she was thinking of going back to work
"Not really" said the mom "because I would still have to pay for wraparound, and it would be like £300 a week in childcare, so it doesn't really make sense".
I've thought about this a lot recently. I live in a place where lots of moms don't work or work very part time. Not in the LA "yummy mummy" way, but in the "it just makes sense for me to watch kids" way.
It's interesting to me that the decision to leave the job market seems often be a financial one. However the decision to leave the job market when kids are young eventually keeps one out of the job market specifically because of the decision to leave. Childcare costs make this decision more and more difficult - the most expensive childcare is for the youngest children.
Childcare gets cheaper as they enter school, but if one has been out of the job market for 5 years then even cheaper childcare now can't keep up with the salary loss of a career gap and re-entering the market.
I am so glad I have stayed in work (which I obviously wanted to do as well, but I feel there is a lot of pressure against that decision here) because I can afford childcare. I can afford childcare because I stayed in work. When all my kids are in school I will be able to afford... other things.
My husband and I make roughly the same salary now. I have never heard him or his friends lament how so much of their salaries go to cover childcare. I have never seen them calculate their take home after childcare.
I guess it's odd to me that there is financial pressure to leave the workforce when kids are small, because childcare is so expensive.
Then there is financial pressure to stay out of the job market when kids are a little bigger, because only lower salary jobs are available to returners.
Then there is financial pressure to get a job when... kids enter secondary school? By the time getting a job makes sense, the monetary value of the kind of employment available is so low that it seems one may as well not work at all.
I wish I could more often express the sentiment that I am not *loving* the experience of childcare now, but I am *loving* continuing to develop professionally, not stagnativing my career, and making enough money to employ someone else. I love feeling like I am financially contributing to my family, and knowing that every pound we pay in childcare now will be a pound we can put into something else later.
If I wasn't working, every pound I saved by not working would decrease in value over time - lack of earnings does not benefit from compound interest.
There is no inflationary bonus on housework... there is just more housework.
[Obviously if you love staying at home with kids then great! Do that! But when people say "are you thinking about getting a job" I feel those people should answer "no, I love staying at home with kids and doing pick up and that's what I want to do" rather than "no it's not worth it financially".]





