Women in the Economy - 1 Women within the Economy...

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1Women within the EconomyHistorically reproductive labour roles have been associated to women. Economist Brad Warrior (2016) describes this role as “the base of the economy”. That without “this fundamental labor there would be no economic activity, nor would we have survived to continue to evolve”. Despite this, most economic policies do not consider the role, impact, or contributions of women, thus resulting in many implications. Unless the unaccounted activities of the informal sector, salary discrimination, and the unequal burden of unpaid work are taken into consideration when constructing economic models, economic policies will continue to systematically discriminate against women. For a system to change it is imperative that all data is counted towards economic analysis, even if it occurs outside of the formal sector. When economics is spoken about it’s usually referred to as the formal regulated exchanges, where wages and salaries are negotiated,goods and service are exchanged, and profit is an objective (Peterson 2016, Pg 368). These exchanges are well documented and used towards economic analysis, whereas informal work occurs outside of the formal sector, such as in organized crime or housework and as a result it is overlooked and rarely admitted for economic analysis. Peterson (2016) states that although informal activity is rarely accounted for it is said that informal work was the predominant prior to industrialization. History repeats itself, and today researchers estimate that informal activitiescreate more the half of all economic output, and in some countries equal to 75% of the

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Term
Fall
Professor
FeyziBaban
Tags
Women Economy Unequality

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