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Is The ‘Care Economy' Immunised Against The Pandemic?

IPE Global | News | June 28, 2021 IST

Is The ‘Care Economy' Immunised Against The Pandemic?

It is no doubt that the crisis has affected the socio-economic fabric of the country. But, when we talk about “economy”, what do we think about? We think about jobs, infrastructure, the expenditure & consumption, export-import, GDP of the country. Often we make the mistake of omitting the most important pillar of our economy; the care economy, a sector responsible for the provision of care and services that contribute to the nurturing and reproduction of current and future populations. More specifically, it involves child care, elder care, education, healthcare, and personal social and domestic services that are provided in both paid and unpaid forms and within formal and informal sectors. The International Labour Organisation (ILO) calculates that on average women around the world perform 4 hours and 25 minutes of unpaid care work every day which is more than 75% of what men contribute.

 

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