A report by the UK Women’s Budget Group for the International Trade Union Confederation (ITUC) shows that sustained investment of public funds in childcare and eldercare services is worthwhile and that it is more effective in reducing public deficits and debt than austerity policies. It would boost employment, earnings and economic growth as well as foster gender equality. The report indicates that investing 2 % of GDP in the caring industries would generate up to one million jobs in Italy, 1.5 million in the UK, and two million in Germany. The investment would raise women’s employment rate given their greater concentration in the care industry: between 3.3 percentage points in Italy (660,000 jobs) and 1.1 million jobs the UK, and Germany (1.4 million jobs).
English: http://www.equaltimes.org/investing-in-the-care-economy …
The report: http://www.ituc-csi.org/IMG/pdf/care_economy_en.pdf
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.eu. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.
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