THE CARE ECONOMY

Author: Diana Sabotinova (Burgas Free University)

Keywords: care economy, unpaid care work

The care economy – the paid and unpaid labour related to caregiving such as childcare, elder care, and domestic chores – is a critical sector that enhances economic growth, gender equality, and women's empowerment. Care work is economically valuable but globally undervalued. Globally, women and girls contribute more than 70 percent of total global caregiving hours (paid and unpaid) and perform more than 75 percent of unpaid care work. If unpaid care workers earned a minimum wage, they would add nearly 11 trillion USD a year to the global economy.

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