In most of them they use full time salaries for each job. But logic alone tells you that no one can do put in 4o hours per week on 6 different jobs.
The only financial loss to the family if they did not have the SAHP would be the things that they would actually hire someone else to do. In many cases that is only childcare. In most cases the spouse left behind just picks up the other things themselves. No one runs out and hires a chauffuer, housekeeper, chef etc when they loose a spouse. When my mother died my father did not hire someone to do the laundry or cook the meals, things that she normally took care of he just does them himself.
If the SAHP gets financial value points for things did in the home then the WOHP also gets financial value points for the things they do in the home. If the WOHP watches the kids on Saturday then they get childcare financial points and those hours are subtracted from the SAHP "paycheck". If the WOHP cooks a meal then they get chef financial points and the SAHP doesn't get "paid" for that meal.
I do agree that there is value in SAHP but the financial value is very limited.
The rest of the household cleaning and cooking, laundry, shopping, errands, bill paying, yardwork, running kids around, etc still has to be done in a household whether there is a SAHP or not. The logistics of who are doing all of those chores may be different in a dual working household but they are still all being done.
So if a SAHP gets $XX for the value of what they do then the dual working couple get $XX-what someone else does for them.
I do agree that my being at home for the last 22 years does make me a little more vulnerable financially and that I probably am not going to waltz into a business and land a higher paying management job with nothing recent on my resume except freelance writing.
However, on the other side, we have done a lot of what they suggest to protect ourselves in the event my husband would die or lose his job or something. We have good life insurance policies on both of us, some savings, have paid off debt (we still owe a little on our mortgage but that will be paid off in a few years), and have insvestments/401K, etc.. So I don't worry. I'm a very resourceful person and would find a way or make a way to provide for my family if the situation got reversed.
Thanks for sharing the article Cyndi. I was thinking about posting it too.
My blog, Letters From Midlife
I think the "value" of either one is in the "eye of the beholder". My husband and I place great value on housewife/sahm here because here it is of more value. But everyone's situation is different IMHO.