Dollar Value of a Housewife's Work
Bob Greene (in the Detroit Free Press) cited a study by attorney Michael Minton on the monetary value of a wife's services in the home. First he listed the various functions she performs: chauffeur, gardener, family counselor, maintenance worker, cleaning woman, housekeeper, cook, errand runner, bookkeeper/budget manager, interior decorator, caterer, dietitian, secretary, public relations person, hostess. Using this impressive list of household duties, Minton figured the dollar value of a housewife's work in today's (1981) labor market. He came up with the amount of $785.07 a week. That's $40,823.64 a year!