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There needs to be a large study to determine whether we're looking at a stay at home trend among elite women. Otherwise, we're just going on a bunch of anecdotes. But here's my adecdotal small change anyway: having myself had only a part-time career after my kids were born, I can say that my stay at home years were mostly a waste of time. It would have been better for me to be out there improving my skills and making good money. We were always short of cash. Inadequate housing and lack of recreational opportunities made home life narrow and boring for both my daughters and me. How this situation could be considered superior to good care outside the home beats me.
Moving up to the present:my granddaughter does fine now in an excellent pre-school. She loved day care, too, when she was younger. I find her far advanced in every way over my daughter at the same age. I would add that my daughter's company gives generous maternity leave, and she was not penalized for the time she took off when her daughter was born. She continues to climb the career ladder and get those stock options and bonuses.
I am so proud that she is successful in her career, makes good money, and is a good provider.