How much do you think Housework and Childcare have economic value?

Originally published August 28th, 2018 in Delio’s blog

How much do you think housework and childcare have economic value?

According to Professor Kim Jun-Young from Sungkyunkwan University, housewives’ housework in 2017 was at a monthly average of 1 450 dollars, with an annual salary of around 17 400 dollars (with the GDP deflator). The economic value of domestic household labor was revealed to take up to 21–33% of GDP: ~6 % of men’s GDP and ~17–27% of women’s GDP.

Image for post
Image for post

According to the Korea Women’s Development Institute, the monthly salary of full-time housewives would be about 3 280 dollars and the annual income would be almost 39 500 dollars. According to the UN, 75 percent of the world’s unemployed workers are women and they are estimated to account for about 15 to 50 percent of each country’s GDP.

3 280 dollars a month… That is a lot!

[Delio Official Websites]
Delio: http://www.delio.foundation
Delio Online Services [KR] : http://delio.co.kr
Delio Online Services [EN] : TBA
Deliolending: https://www.deliolending.com

[Delio Official Communities]
Telegram [Global]: https://t.me/happy_delio
Telegram [Indonesia]: https://t.me/delio_indonesia
News Channel: https://t.me/happy_delio_news

[Delio Official Social Media Platforms]
Blog: http://blog.delio.io
Facebook [EN]: https://www.facebook.com/delio.global
Facebook [KR]: https://www.facebook.com/delio.io/
Medium [EN]: https://medium.com/@delio.io
Medium [CN]: https://medium.com/cn-delio
Twitter: https://twitter.com/happydelio
Instagram: https://www.instagram.com/happydelio
Reddit: https://www.reddit.com/user/HappyDelio/

Written by

Delio is the Leading Global Enterprise Blockchain of Digital Innovation

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store