How to value unpaid care work: the $10 trillion question

01 Jul 2018 11:03 AM | Jean Murray (Administrator)

Wives, mothers, sisters, daughters — women do an estimated 75% of the unpaid work in the world, according to McKinsey. Feminist economists have long advocated for the inclusion of this work in national accounting statistics. Household labour in general, though, is considered beyond the “production boundary” of goods and services that account for GDP estimates. Yet, McKinsey believes, unpaid care work performed by women accounts for the equivalent of 13% of global GDP.

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