New research out of Australia has revealed the cost of unpaid household labour - and it's a high figure not recognised in economics statistics.

These tasks - including cooking, cleaning and caring for family members -are reportedly worth about A$688 billion, according to new reports. 

Canberra University economics professor Leonora Risse says many of these tasks are essential services, and most of these are carried out by women.

"If we're not recognising it, then what we're doing is we're not recognising women's overall contribution to the economy - the productive activities that hold our economy together. So it's about shining a spotlight on it."

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New research out of Australia has revealed the cost of unpaid household labour - and it's a high figure not recognised in economics statistics.
These tasks - including cooking, cleaning and caring for family members -are reportedly worth about A$688 billion, according to new reports.&nbsp;
Canberra University economics professor Leonora Risse says many of these tasks are essential services, and most of these are carried out by women.
"If we're not recognising it, then what we're doing is we're not recognising women's overall contribution to the economy - the productive activities that hold our economy together. So it's about shining a spotlight on it."
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Leonora Risse: Canberra University economics professor on the cost of unpaid labour

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f884490f-137c-474a-8ce4-b38a0056c346/transcript