00:15:51.720I resented that I didn't have the support that I needed, but I wanted to hold my baby.
00:15:55.240And so that, I think, is what kind of produced the backlash, is that we didn't make space for the multiplicity of women's desires, but we have to make space for that while still protecting women economically. And you are not protected if you do not have your own human capital and your own ability to earn an income. And that is what a lot of women in the 70s and 80s found out and actually where the increase in women's labor force participation was.
00:16:25.240that then produced the lean-in movement came from is that we had women sign up for the bargain of0.50
00:16:32.200you produce at home, he produces in the market under a secure marriage contract. And then we0.63
00:16:37.440had the divorce revolution that left a lot of women very, very poor because he walked out the
00:16:43.180door with his career that she was actually investing in by taking care of everything at home.0.99
00:16:48.500And she had invested in public goods versus private goods that she could use to take care
00:16:53.920of herself. So those women told their daughters, you better get a fucking job. And we are those1.00
00:17:00.340daughters who got the fucking jobs, right? We did. And now this next generation is like,1.00
00:17:05.280oh, that looks hard. It looks stressful. Maybe I don't want to do that, right? So we have to
00:17:10.860caution that like, yes, you're right. That maybe that idea that careerism is the only path to
00:17:19.020happiness, maybe that has some problems with it and you are a whole person and you deserve to be
00:17:24.920self-actualized in multiple dimensions. But you cannot leave yourself exposed to the enormous
00:17:33.820risk of not having an ability to earn an income yourself. Which I think is the most dangerous part
00:17:41.080of the Trad Wife soft girl movement online of saying it's not just okay, but it's better.0.93
00:17:49.860You'll be happier if you're just financially dependent on a man when we all know the dangers
00:17:55.360of that. But as an economist, utility is something that you talk a lot about in economics. I only
00:18:03.160have an undergrad econ degree from Penn. It's not even from Wharton. It's from the College of Arts
00:18:08.080and sciences. But I do remember utility being something that just like really sparked my
00:18:15.260interest of thinking about different things in terms of what utility am I getting from that?
00:18:22.400How do you explain that to women in terms of building a life that actually looks like having0.98
00:18:27.280it all for them? Yeah. So let's talk about a utility function. So economists model firms0.99
00:18:35.320is maximizing profit, individuals are maximizing something we call utility. And it's basically
00:18:40.920happiness. But the reason that we don't say happiness is because it's a little bit like
00:18:44.340deeper and richer than happiness because sometimes you do something that doesn't feel great in the
00:18:48.880moment like, you know, put down your phone to like focus on a long-term project or set a limit with
00:18:54.600your kid who then throws a tantrum. So utility is serving your values. It's the sum total of
00:18:59.960your contentment and meaning and fulfillment and joy over a lifetime. And what's different about
00:19:07.220that than a profit function is that it is unique to every individual. So nobody else could look
00:19:14.380and say what your utility function is or whether you're maximizing it correctly.
00:19:18.740Even though if we looked at a firm, almost everybody would agree, oh, they have the same
00:19:23.500amount of profit. The accounting would be the same. But with utility, only you know what you
00:19:27.580value. And the way I tell people to kind of figure that out so they can figure out what
00:19:32.960they're having it all is, is to picture a world where they actually are independently wealthy.
00:19:38.400So money is no object. What would your life look like? How would you spend your time?
00:19:43.500And that is what you value. And now we need to figure out how to get you more of it.
00:19:47.880So if you picture a lot of expensive things, expensive vacations, nice clothes, right? Okay,
00:19:55.040material goods are important. So a career is really helpful with that because it converts
00:20:00.640your time into money that you can use to buy those material things. Because in the real world,
00:20:05.840you're not independently wealthy. But often people also picture things like time to take
00:20:11.520those vacations, time with their loved ones, time with their kids. And then that's where the career
00:20:19.520is in competition with that. Because if we put all of our time into this money conversion,
00:20:25.780we don't have time to kind of make utility directly. So once we think about utility,
00:20:32.020it lets us reframe productivity that like leisure time is actually productive because you are
00:20:39.420converting your time into utility points. And why is it any more productive to spend your time
00:20:45.100working, earn money, and then buy something that makes you happy to get utility points,
00:27:42.560So, you know, in economics, we are maximizing subject to constraints and a level up is where you actually change the constraints. So, you know, there's big shifts like, you know, divorce, right? Or like moving to a cheaper city or like changing jobs.
00:28:00.100I've seen some women where their level up was that they thought that they wanted the1.00
00:28:05.920corporate law job or they thought that they wanted the job that served their humanitarian1.00
00:28:27.540So those are the big ones that are level ups. And then there's small level ups of figuring out how to just increase your support system, right? And so one of those level ups, and I know we said if you can't afford to outsource everything, but I am going to call out outsourcing because I just need to call this out, our gender bias in outsourcing, which is that I'm going to name some stuff that a lot of families outsource.
00:28:54.240and that's taking the car to a mechanic, that's calling a plumber when the toilet breaks or
00:29:00.840something's leaking, that's fixing the roof. Even often lawn care, some people do it themselves,
00:29:07.380some people outsource it. Why do we feel comfortable with that? Well, we think that
00:29:12.300men's time has value. Even very modest income families take their car to the mechanic for an0.96
00:29:18.980oil change because we assign value to men's time. And so we're like, oh, it's worth it,0.98
00:29:23.26070 bucks for the oil change. Anybody could spend an hour on YouTube and could figure out how to
00:29:27.740change their oil, right? Your husband can do that. But again, we assign value to men's time.
00:29:32.240So I do push gently on that to say, you know, that budget of money in the household,
00:29:39.060it's a joint budget and it's a joint time budget too. And, you know, if he's not going to invest
00:29:45.940more of his time in your sanity, can some of the household's money budget be invested in your
00:29:50.640sanity? And why do we see it as an unaffordable luxury to hire a professional organizer? Because
00:29:56.080as women, we're like, but I should be able to do that myself when we don't view it as an0.99
00:29:59.800unaffordable luxury to get an oil change. I have actually literally never thought
00:30:05.520about those things as outsourcing, but of course they are. Yep.
00:30:10.820Yes. But we do not talk about them like that. Yeah. Because the language of outsourcing implies
00:30:17.020it should be insourced. And so we apply it to the stuff that we feel like we should do, right? It's
00:30:23.460two things like, you know, the laundry and, you know, the house cleaning and, you know, organizing
00:30:29.640and things like that. But why? Why should we do those things? And why is it that we assume that,
00:30:34.960you know, men shouldn't do all those tasks that we so often hire someone for?
00:30:39.680Because yes, changing the oil takes 15 minutes.
00:35:44.960But it was also work. But I do think it took a lot of work. It took a lot of negotiations and took a lot of – I don't want to say I didn't train my husband, but a lot of just like retraining.
00:35:56.320Because when we talk about outsourcing and that men's time is valuable, they have also been so trained that their time is only valuable if they're working at a job outside of the home.
00:36:07.100A hundred percent. And I see that like I feel empathy for men. I feel like they are stuck
00:36:13.280because they have been taught the same way we judge ourselves according to these domestic0.99
00:36:18.660things and it's bullshit, right? It's a signal from outside that we need to tune out in order0.98
00:36:25.240to tune into what we actually want. I think they have been trained to judge themselves based on
00:36:30.260career success and that is self-actualization for them. And so then if their wife is earning more
00:36:36.420or something like that, I feel like they are really stuck. And so when I see in the data
00:36:40.340these couples where the wife is earning four times as much and the husband is still working
00:36:46.280more hours than she is, right? Even though he's earning a quarter of what she is per hour,
00:36:52.520he's working more hours. I see men being stuck. I'm like, oh, you don't know what to do with
00:36:58.520yourself other than work. You don't know how to be a provider and how to be productive
00:37:02.800outside of work. And that's the work we have to do. And you're doing it with your son
00:37:08.500to teach men that there is more to life and there's more ways to contribute and be a provider
00:37:15.040in the household. And I think that is some like mental work of like letting go of the idea that,
00:37:21.860you know, the only way for me to be productive is to work. And so I think that piece of it,
00:37:27.100you know, it's not so much about the intention. I think actually if we can have some empathy and
00:37:31.000say, I know you want to support me. I know you want to do half, but what does that actually
00:37:35.100take to get there? Yeah. And then feeling good about that half, feeling like you are being
00:37:42.300productive, that your time is valued. Doing that work that men have not been told is valuable for
00:37:50.240them. They just haven't for so long. I could talk about this all day long, but I have to go get my
00:37:55.800nails done with my daughter. Love that. I do. I do. She's off school today. The two big kids0.99
00:38:01.680are off school. And I've been promising her all day that we would go get our nails done.
00:38:06.020Listen to Jo because she is so smart on these combos of like, look, she's getting her nails0.99
00:38:11.140done and she's parenting at the same time. Beautiful. We love a productive queen.
00:38:16.240I mean, truth, truth. And I love being called a productive queen. My nail salon knows what's up
00:38:20.800because they give kid manicures, which take them two minutes for $5. And it's like, all right,
00:38:27.660great. I'll come in as often as possible. If I can bring a kid with me, it's a business model
00:38:32.820right there. It's like the orthodontist who also does Botox.
00:38:39.120Brilliant. Your new book, Having It All, I think it's essential reading for both men and women.
00:38:43.580I don't want to just tell women to get this. I want to tell men to get this
00:38:46.060because men need to know how to support women and need to understand this better.
00:38:50.800Yes, and I've had great conversations with men around the book, and that honestly gives me hope, and we need hope.