American women’s unpaid labor worth $1.5T in 2019 

The average American woman does four hours of unpaid labor per day, compared to a man’s two and a half hours, according to an editorial in The New York Times based on data from an Oxfam analysis. 

Advertisement

Unpaid labor typically includes child care, care for elderly and sick relatives, cooking, and cleaning. When valued at minimum wage, the amount of unpaid labor women did in 2019 in the U.S. amounted to $1.5 trillion. Globally, that number was $10.9 trillion, more than the world’s 50 largest companies made in revenue in 2018, according to the report. 

While this invisible labor gap has narrowed, it is still significant, according to the the authors, who write, “Women provide a huge unacknowledged subsidy to the smooth functioning of our economies.” 

Read the full story here

More articles on compensation:

Too many cooks in the kitchen? Why hospitals struggle to see real ROI from their physician alignment strategies
Female med school department heads make less than male counterparts
13 healthcare CEOs facing most shareholder opposition to pay

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Compensation Issues

Advertisement

Comments are closed.