Posted on 03/05/2020 10:13:15 AM PST by karpov
SOCIETIES RARELY TAKE STOCK of the value of unpaid care work unless there is a disruption in the supply.
On Oct. 24, 1975, 90 percent of Icelandic women refused to cook, clean or look after children for a day. It brought the whole nation to a standstill. Men across the country scrambled to fill in, taking their children to work and overwhelming restaurants.
Unpaid labor — what the Organization of Economic Cooperation and Development defines as time spent doing routine housework, shopping for necessary household goods, child care, tending to the elderly and other household or non-household members, and other unpaid activities related to household maintenance — remains largely invisible to economists.
It isn’t a part of G.D.P. calculations and rarely factors into other measures of economic growth. It is notoriously difficult to value because the normal market signals of supply and demand don’t work: Traditional expectations that caring for children, the elderly and the infirm should be done gratis within the family obscure the true economic value of this work. And yet what the example of Iceland shows us is that women provide a huge unacknowledged subsidy to the smooth functioning of our economies, which would grind to a halt if women stopped doing this work.
This International Women’s Day, we looked at how much women would have made last year if they earned minimum wage for their unpaid work.
The value of this shadow labor is staggering: $10.9 trillion, according to an analysis by Oxfam. It exceeds the combined revenue of the 50 largest companies on last year’s Fortune Global 500 list, including Walmart, Apple and Amazon.
We also compared the distribution of unpaid work across genders. India has the largest gap: Women there spend almost six hours a day managing the home.
(Excerpt) Read more at nytimes.com ...
Will they take a check?
Nobody paid me to mow the lawn when it was 100 degrees outside either. Should we start keeping score? That’ll cause the divorce rate to increase.
I not only work, I do house and vehicle maintenance, mowing, oil changes. Just finished installing a water heater. I also do housework.
The NY Times is very sexist in assuming the division of labor representative of the 1950’s. Do I get a share of that $11B if I also contribute to cooking, cleaning, changing diapers, giving baths, mixing formula, etc.?
Men do alot of “unpaid” labor, too. What a stupid assessment. Families just share loads whether at home or away from home.
I’ll be the new Bernie and this will be my platform’s lead off hitter!
Any stay at home Mom gets $500K salary per year. Even if you don’t have kids. Do the laundry, cook, clean, so your husband can focus on work and be more productive for the USA!
If you have kids, you get $1M!
I’ll pay for it by taxing Billionaires. Over and Over. Each year a new tax. First raise the income tax, then a wealth tax, then carried interest, then financial transaction tax.
Vote for me!
Some of us prefer to work for love, not money, as a way of life, not a way to a paycheck. That there are others , spouses, who realize the value of that and are willing to work hard and long to pay for that, is a blessing to the family and the world.
And if my wife paid me for my work in the home, I’d have a trillion dollar check too.
If Quid Pro Joe gets elected and the women force him into paying them all “reparations”, we’re ****ed!
Supply and demand much?
**
I wonder if that knucklehead Krugman helped them to write this article.
So we should all be paid for taking care of our own homes (women live there too), families and relatives. Okay.
Yeah..and now that I am retired...if I got paid for all the work I do around the house I’d get at least $35,000 a year.
Laundry, dishes, folding clothes, stripping bed, washing sheets, making bed every day, not to mention mowing lawn, painting house inside and out, gardening, changing oil in two cars, etc. etc.
So how do I go about collecting it?
Such insane crap still being spewed by the libtards.
My wife stayed home and raised our kids while I was at work. That was priceless and totally unappreciated by the liberal a##holes.
Will they ever stop!
This is pretty much right on, Just left out the little details like.. FREE ROOM AND BOARD, FREE CAR, FREE HEALTH-CARE, FREE MOVIES, FREE LAWN CARE AND VEHICLE MAINTENANCE, FREE NIGHT TIME SECURITY FORCE, FREE ALL EXPENSE PAID VACATIONS, FREE CLOTHES, FREE PERSONAL ITEMS, FREE SAFE SEX, FREE 401K AND A COURT SYSTEM THAT WILL LET YOU LIVE KEEP THAT WAY WHEN YOU GET TIRED OF YOUR OLD MAN.
democrats are willing to tax them for it.
The implicit leftist point is that men do nothing and are valueless. That poor oppressed wymen are taken advantage of.
Just more divisiveness specifically designed to create resentment and bitterness. Not to mention it’s a deliberately and completely false premise.
More feminazi propaganda for the multiple cats female spinsters
I suggest men ask women to pay men for the services they provide to women.
Paint the living room? Plunge the toilet? Move the furniture?
Wow - so I am also supposed to be paid for mowing my own lawn, fixing things around the house, managing finances, going to the grocery, changing oil in cars, taking the trash out, washing the car, doing the taxes, cooking, etc, etc, etc, in other words just living?
I would guess that’s assuming the traditional Ozzie & Harriet full time Mom/Wife?
Cool, now do how much money the traditional Ozzie & Harriet full time Husband/Dad spends to keep the family going financially.
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