Why your daily chores are invisible to the global economy
In short: By the standards of GDP, essential tasks like laundry, tidying, and household shopping are considered unproductive. This video explores how economist Marilyn Waring proposes a new way to measure progress.
Economist Marilyn Waring argues that the current GDP-based system is too narrow, failing to account for unpaid labor and the preservation of ecosystems. She advocates for a public policy database that recognizes the value of all unpaid work and environmental health.
Waring's perspective is shaped by her career, including her time in the New Zealand parliament—where she helped lead the nation to become nuclear-free—and her work as a development consultant in the Asia-Pacific region. Her 1989 book, Counting for Nothing, examines these economic failures.
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Sources
- Summary by Intellect · source: The unpaid work that GDP ignores -- and why it really counts | Marilyn Waring
- Also: Marilyn Waring | Speaker | TED
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