Re:As child care costs soar, more parents may have to exit t...
by zmgsabst on Thursday November 02, 2023 @07:21AM
(#38111853)
But this isn’t about economic reality: we exclude from measurement the contribution of homemakers.
To say they produce “more value” letting others care for their children is an effect of what we choose to measure — and emphatically not a measure of their actual economic contributions, as defined by what goods and services are provided.
Case in point:
Two housewives caring for each other’s children increases GDP since the salary is measured — even though both families are strictly worse off.
To say they produce “more value” letting others care for their children is an effect of what we choose to measure — and emphatically not a measure of their actual economic contributions, as defined by what goods and services are provided.
Case in point:
Two housewives caring for each other’s children increases GDP since the salary is measured — even though both families are strictly worse off.