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Prognosis: Misconception

Coming Soon: The Pay Check Season 2

Prognosis: Misconception

Bloomberg

Health & Fitness, Science

4.1838 Ratings

🗓️ 5 April 2019

⏱️ 2 minutes

🧾️ Download transcript

Summary

The Pay Check is back for a second season! For the next six weeks, we’re going to dig into the number one reason women still make less money than men: Motherhood. Women start their careers earning just about the same as men do, but once they have their first kid, that pay gap grows to a chasm. This season, we’ll show you how this “motherhood penalty” plays out for real women, in real life and how it affects the global economy.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Are you looking for a new podcast about stuff related to money?

0:05.3

Well, today's your lucky day.

0:07.1

I'm Matt Levine.

0:08.2

And I'm Katie Greifeld.

0:09.5

And we are the hosts of Money Stuff, The Podcast.

0:13.0

Every Friday, we dive into the top stories about Wall Street, finance, and other stuff.

0:17.9

We have fun. We get weird, and we want you to join us. You can listen to

0:22.0

many stuff the podcast on Apple Podcasts, Spotify, or wherever you get your podcasts.

0:29.8

I would love to be a full-time mom at some point, but I think the anxiety of what if I get

0:36.6

bored, what if I want to return to the workforce,

0:40.3

what does that even mean? What does that look like?

0:43.3

You know, as the morning anchor, viewers want to see a beauty queen, so I'm pregnant now.

0:47.3

I've gained like 40 pounds. I knew it would be an issue.

0:52.3

The paycheck is back for a second season.

0:56.0

And this time, we're talking about the one thing that hurts women's earnings more than

1:01.0

anything else.

1:02.8

Motherhood.

1:03.7

As I was campaigning for the Senate, I felt like I was leaving my daughter behind.

1:07.1

I learned the hard way that there is no work-life balance.

1:13.4

We're going to investigate what happens to women's paychecks, their lives, and the global

1:18.2

economy when women choose to have kids or don't. Wages have effectively remained flat.

1:25.4

While the cost of child care,

...

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