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@ Katy Elphinstone
2025-02-22 10:39:03
Unpaid care & domestic work.
"We go to great lengths to include, inside the production boundary, the house itself. The property in which the supposedly unproductive household work is done.
In the national accounts, houses 'owned' by their occupants generate services included in GDP.
In the US, such work contributes 6% of GDP. A cool 1 trillion dollars, even though these dollars don't actually exist."
Refs ⬇️
#WomensRights #GenderEquality #Exploitation #Capitalism #GlobalEconomy #Economics