What is Work? [Nancy Folbre]

The video discusses the economic relevance of non-market work, such as caregiving and household tasks, which are often excluded from traditional economic measures. It highlights the disparity in living standards when non-market work is not considered and suggests redefining work to include activities that could be outsourced. The video also critiques the lack of recognition for investments in human capital, like education and parenting, in national income accounts.

In what ways does the text argue that current economic measures are inadequate?

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What prediction does the speaker make about the future of measuring non-market work?

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