Why the care economy is 'critical' infrastructure

For a sector that often flies under the radar, the care economy is a big deal.

In fact, the International Labour Organisation estimates that unpaid care work, if compensated, would represent 9 per cent of global gross domestic product (GDP), or about US$11 trillion (A$16.83 trillion) a year.

Covering elements such as aged care, health care, disability support, household labour and child care, caregiving is a pillar of social and economic wellbeing.

Professor Irene Blackberry, director of the Care Economy Research Institute at La Trobe University, admits that before the COVID-19 pandemic, the term “care economy” had little recognition. Now it is widely seen as an important driver of inclusive growth.

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