What is "Care GDP"?Homemaker women's wages can be considered or not?

Anurag Educational Academy

Care GDP:

"Outcomes generated by the housewives during the caring of her family, which is not included(underestimated) in the real(estimated on Base Year Price) or nominal(calculated on the Current Market Price) terms of the GDP,called care GDP."

Sympathy With Housewives/Homemaker or with "Mothers"

Just think that our mothers follow their duties(like; caring children,cooking, cleaning, laundry works, domestic budget management and so many) to make us cheerful in  24Х7Х365 (Hours/Days/Years) .She plays a central role in every house and It hardly seems fair that so central a role be unpaid, with only our love as reward. Economists consider that thought it is unpaid, the family work done by housewives constitute an economic activity in the terms of services,which should include in the country's National Income.

Data Point

Miss World,2017 Manushi Chhillar contends that mothers deserve the highest salary in  the world, actually the house work done by the women are neither acknowledge as work nor do they get paid.
In India,According to National Sample Survey Organization(NSSO) report around 64% of urban women are engaged in domestic work compared to 60% in rural areas among women aged 15 and above, they did so because there was "no other member to carry out domestic duties".In both rural and urban regions,about 92% women spent most of their times on domestic work.
A study by The U.S. Department Of Commerce's Bureau Of Economic Analysis found that if household production of services was included in calculating GDP,it would have added💲3.8 trillion in the U.S. Economy in 2010.

Estimation:

But the question is how to measure accurately the money value of housewives production of services?
There can be calculate in three ways:

1.In the terms of Opportunity Cost: If housewives looking for any job in the market and got a job with well salaried  but due to their family duties and responsibilities she left that, that would be the opportunity cost of job from which housewives could generate income and this income has to include in country's GDP. So if we calculate the opportunity cost of job and pay to mothers that would be the money value of services produced by housewives.
2.In the terms of Market Price: Suppose those services which is provided to us by our mothers free of cost if we have to purchase these services from market like; we have to pay to sweeper for cleaning the house,to washer man for washing the cloth,to a made for cooking food and so on. The sum of these payments are the income or wages of housewives.
3.Arbitrary: Assumed any number which should pay to housewives like; 3,000/month or any.


Challenges:
There is a lot of challenges to calculate the money value of housewife's generated services. In the first method, there are varieties of jobs and different salaries for them for housewives in the market(like; from a top level company CEO to a receptionist). In second method,the market value of different services at different place may constitute error in calculation and in the last way,it is unrealistic because there are some nuclear family housewives and some are joint family housewives,we can't take to all under a roof.

Conclusion:
Of course it is a challenge to determine the wages of housewives yet we can't ignore the services which do produce in the economy but not included in the GDP. It became more important when noble laureate Amartya Sen advocates the mother's wage.If it is done,GDP number will increase and present the actual number as well as the family work done by  housewives would be considered meaningful.


Thankyou...
Anurag Educational Academy