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How much do we owe women for childcare and housework? A staggering $3.6 trillion

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The US government is considering recognizing women’s unpaid household labor as actual work, a shift that could reshape economic understanding. Currently, such work goes unrecognized in official economic measures. A potential change involves the Bureau of Labor Statistics modifying its Consumer Expenditure Survey to incorporate the value of unpaid work. Research suggests that nearly 80% of household upkeep and family care work is performed by women, amounting to an estimated $3.6 trillion annually. Unrecognized labor contributes significantly to the economy and plays a pivotal role in households.

https://www.bloomberg.com/news/newsletters/2024-03-28/what-do-we-owe-women-for-child-care-and-housework-3-6-trillion

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