Unpaid Child Care in Australia: A $350 Billion Value
The Value of Unpaid Child Care in Australia
Unpaid child care in Australia holds significant value, with the Australian Bureau of Statistics (ABS) estimating it to be worth $89.4 billion in the June quarter of 2021. Using the opportunity cost method, which assumes carers have forgone paid work opportunities, this figure could amount to over $350 billion annually.
- Assuming child carers were paid the minimum wage, their labor would be valued at $38.5 billion per quarter.
- If paid at the rate of a housekeeper, the value would be $53.4 billion per quarter.
- Calculating based on equivalent occupation pay rates, the value amounts to around $55.6 billion per quarter.
Who’s Providing Unpaid Child Care?
Women predominantly carry out unpaid child care in Australia, contributing 70% of the total hours. In the June quarter of 2021:
- Women provided 1,349.5 million hours of unpaid child care.
- Men contributed 592 million hours.
- The age group of 35-44 contributed the most hours, followed by 21 to 34-year-olds.
- The 15-20 age group contributed the least to unpaid child care.
Activities Involved in Unpaid Child Care
Unpaid child care activities include minding children, playing/reading/talking with them, cooking, transporting, feeding, providing care, and teaching/reprimanding. This comprehensive list showcases the dedication and effort put into unpaid child care in Australia.
In Australia, paid child care for those under school age is among the most expensive globally. The Productivity Commission has recommended that the federal government fully subsidize child care for families with incomes up to $80,000, which would benefit about one in three families with children under 12.
Conclusion
Unpaid child care in Australia is a vital yet undervalued contribution to society. The estimated $350 billion annual value highlights the immense effort and dedication put forth by caregivers, predominantly women. Recognizing and supporting unpaid child care is essential for the well-being of families and the economy as a whole.
FAQs
What is the value of unpaid child care in Australia?
The Australian Bureau of Statistics estimates that unpaid child care in Australia is worth $89.4 billion per quarter, potentially totaling over $350 billion annually.
Who provides the majority of unpaid child care in Australia?
Women contribute 70% of unpaid child care in Australia, dedicating significant hours to caring for children under 15.