My wife has stayed home since being pregnant with our first. We now have two in elementary school and two at home & part-time daycare through the week.
I suppose every family is different, and ours is atypically large, but I sure-as-#### wouldn't trade places with her. Pick ups, drop offs, play dates, activities and the organizing of all that is genuinely a lot of work.
I would also think it largely depends on the mom's preferences and aspirations. My wife LOVES being a mom... He job before was not a meaningful or particularly fulfilling career where she was living out her life's ambition, so focussing on the betterment of her (our) children seems like a far better use of her time. As long as she enjoys being a stay at home mom, I don't really care if we label it as a job or not.
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