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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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

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
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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