Learning from COVID-19: How to make care central to economic policy around the world
After decades of neglect, the COVID-19 pandemic has made visible the vital role that the care economy plays in the functioning of economies and societies—and highlighted the deep crisis at the heart of it. Care recipients and providers of care have been on the COVID-19 frontlines, and the ability of governments to mount an effective response to the pandemic has been hampered by decades of policies that undervalued and neglected the care economy.
Scenes of healthcare workers at Thailand Bamrasnaradura Infectious Disease Institute, Ministry of Public Health. (UN Women/Pathumporn Thongking)
Several factors have combined to create this perfect storm. Globally, care needs have been on the rise for some time, and funding has failed to keep up. In many contexts, market-driven approaches have resulted in fragmented sectors, particularly around social and elder care, seeking to drive down labor costs. The result is high levels of unmet need and poor working conditions for the largely feminized workforce. Beyond the paid care sector, and partly because of its inadequate reach, women continue to bear the disproportionate burden of unpaid care, carrying out 76% of all unpaid care work. This reduces opportunities for paid employment, further exacerbating gender inequalities, and is a trend that has only intensified in the course of the pandemic.
Thriving economies and societies depend on care in all its forms. It is imperative that economies and societies rebuild better, with care at the centre of their recovery plans. Prioritizing the care economy will pay dividends not only for those in need of care and those that provide care, but also help to build stronger economies and more equal societies. Investment in the social infrastructure has been demonstrated, time and again, to deliver employment and fiscal benefits as well as to promote gender equality and social inclusion. It is also consistent with the need to reduce our carbon footprint and move to greener economic models.
[ Read the full paper: Learning from COVID-19: How to Make Care Central to Economic Policy Around the World ]
This research paper is part of the Pathfinders Grand Challenge on Inequality & Exclusion. More information about this initiative can be found here.