Claudia Goldin-Career and Family

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Greedy Work
OVER THE PAST CENTURY, women in the United
States have made extraordinary gains in the world
of work, argues Harvard economist Claudia Goldin
in Career & Family. Most no longer need choose
between having a child or a job. Women’s college
enrollment and graduation rates outstrip men’s.
And slowly but surely, opportunities have expanded
enough to give many women the possibility of not
just a job, but a career. Claudia Goldin
Goldin painstakingly maps female college gradu- Career and Family:
ates’ approach to work and family over the 20th cen- Women’s Century-Long
tury, given each decade’s constraints. A woman grad-
Journey toward Equity
uating in 1910 had to choose between a family and
Princeton University Press,
a career. In the 1920s and 1930s, by contrast, many
Princeton, NJ, 2021, 344 pp., $27.95
women worked for pay before going on to have chil-
dren. The trend flipped in the 1950s as the marriage
age dropped and women began their families earlier,
only to pick up a job—if they were able to—later on. the picture. Suddenly there’s another pull on an
The broad adoption of the birth control pill changed employee’s time that cannot be ignored. (You try
everything, so that by the 1970s, many women opted ignoring a call from the school nurse and see where
for a career first, sometimes at the expense of family. that gets you.)
But by the 1980s and 1990s, women were pursuing
career and family at the same time.
Don’t be fooled, though: the advancements don’t
mean we’re anywhere close to economic parity Companies pay more for staffers who are
or gender equality. Take the yawning gender pay
gap—and I mean yawning in every sense of the
willing and able to put in endless hours.
word. Women’s earnings in the United States have
been stuck somewhere between 77 cents and 82
cents for every dollar a man earns for 25 years. So, what is to be done? One solution is to look at
(And that figure masks how much worse it is for industries in which professionals can easily sub for
women of color.) To pin the pay gap just on gender one another. Here, Goldin points to pharmacists,
bias or sexism or women’s apparently below-par who have figured out that consumers don’t need
negotiation skills—or their apparent predilection their prescriptions filled by the same person each
for lower-paying roles—misses the point entirely, month. But pharmacists are an exception; other
suggests Goldin. That’s because it’s the very struc- white-collar professions like law or banking are not
ture of work that’s at the heart of the problem. there yet. Clients still expect to have “their guy”
Work, Goldin says, is greedy. It demands time pick up the phone when they call.
from employees, and the more time they have to The progress we have made is being stymied
give, the more they will be rewarded. In a supply by greed, argues Goldin. Too bad the thing we’re
and demand world, companies pay more for staffers most greedy for is the one thing we can’t make
who are willing and able to put in endless hours more of: time.
and who will drop everything for a deadline. But
time, as we know, is finite. And nothing illustrates FRANCESCA DONNER, an executive editor at Quartz focusing
that quite as powerfully as when a child enters on the future of work, women, and gender

March 2022 | FINANCE & DEVELOPMENT 65

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