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The reason that the economy is defined in terms of transactions that involve an exchange of money is that such transactions can be quantified objectively. If no
by jkhdigital 5y ago
The reason that the economy is defined in terms of transactions that involve an exchange of money is that such transactions can be quantified objectively. If no money is exchanged, then assigning a valuation to an activity is pure speculation. Of course, this doesn't stop bureaucratic number-crunchers from attempting to do so anyway (e.g. the inclusion of "owner-occupied implied rent" in CPI calculations) but it's not hard to see the slippery slope it creates. Assigning a name to something ("emotional labour") doesn't mean that it somehow becomes quantifiable in any tractable or objective manner.
- zakary 5y agoAbsolutely agree. Still, it would be cool to see real data about this stuff if it could be objectively collected
- geogra4 5y agoInterestingly enough I believe this is partially why there was a "wages for housework" movement[0] 0:https://en.wikipedia.org/wiki/Wages_for_housework https://en.wikipedia.org/wiki/Wages_for_housework
- bojangleslover 5y agoWhat about the fact that she owns half of all marital assets as they accrue?
- pjc50 5y agoWasn't always true in all jurisdictions, and certainly not in 1972 when the campaign started. Even today there's a distinction between "is theoretically entitled to half the assets by court order on divorce" and practical day to day access to that money.