The care economy includes chores or taking care of other people, such as infants or the elderly.
President Joe Biden delivers remarks on student loan debt at Madison College, Monday, April 8, 2024, in Madison, Wis.
WASHINGTON - President Joe Biden highlighted the key role of caregiving in remarks Tuesday in Washington, D.C.Biden lamented that an estimated 2 million women lost their jobs during the pandemic for caregiving. This impacts their ability to get equal pay and the economy in general. He also lambasted the budget proposal from the Republicans, which he said would cut caregiving funds and raise the retirement age.Care work, which makes all other work possible, is also the fastest-growing sector of work in the world, projected to add 150 million jobs by 2030, according to the
Because of the inequalities in the distribution of care work, women globally lost more than 64 million jobs because of the COVID-19 pandemic, resulting in more than $800 billion in lost income in one year, the Wilson Center said.
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