The International Trade Union Confederation has just published its latest report titled Investing in the Care Economy: A Pathway to Growth – A Gender Analysis of Employment Stimulus in 7 OECD Countries.
The report which analysed the employment growth potential in the care economy in Australia, Denmark, Germany, Italy, Japan, the UK and the USA demonstrates how investing in care narrows the gender pay gap, reduces overall inequality and helps redress the exclusion of women from decent jobs. The G20 has set a target to increase women’s participation in the workforce by 25% in the coming years. This can only be achieved when the care sector is properly funded.
The study shows that investment into the care economy of 2% of GDP in just 7 countries would create over 21 million jobs and help countries overcome the twin challenges of ageing populations and economic stagnation.
To download the full report please click here.