Paying for time out with the kids - David Baker interviewed on BTalk
There's been a step in the right direction for Aussie mothers with the introduction earlier this year of paid maternity leave for anyone who, the year before, earned less than $150,000. That's good news. The bad news is that in the first year back at work, a new mum can expect to earn 4 percent less per hour than if she had not had a child. In a new report from The Australia Institute, The Wage-Penalty Effect, The Hidden Cost of Maternity Leave, David Baker estimates that mothers are losing $126 million in foregone wages. And it doesn't correct itself. In fact, the wage disadvantage increases over a few years and can continue for up to 10 years.