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The Unfair Costs of Care

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  • Jan 18, 2023
  • #Economics #Inflation #Health
Nancy Folbre
@NancyFolbre
(Author)
prospect.org
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The primary cause of inflation, supposedly, is macroeconomic overheating—excessive demand in the economy raising prices, in this case stimulated by too much government anti-recessio... Show More

The primary cause of inflation, supposedly, is macroeconomic overheating—excessive demand in the economy raising prices, in this case stimulated by too much government anti-recession spending. But this diagnosis doesn’t work for long-run trends in relative prices driven by more complex dynamics. A case in point is the care economy, where rising costs have nothing to do with macroeconomic pressures.

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Cory Doctorow @doctorow · Jan 18, 2023
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"[Care workers] will never be as cheap to produce as television sets, cars, or even robots. We will remain more valuable, even if we can’t be bought and sold." Folbre's excellent piece is part of an equally excellent series at the *Prospect*. 28/
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