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economy_non_education_my

The Non Economy

Or the parts of the economy that are not recorded or paid for, depending on your definition of an economy.

From the Wikipedia article Non Monetary Economy:

“An Australian study (1992) determined that an estimated 380 million person-hours per week were spent on these types of unpaid activities, compared to 272 million hours per week at paid work”

Which means that unpaid work amounts to about 125% of paid work, or non paid work about is 40% larger than paid work.

See also % of paid for working time of total time

ie

the average “fully employed” person in Australia only gets paid for 11% of their time.

89% of their time is not paid for.

economy_non_education_my.txt · Last modified: 2024/06/19 09:07 by geoff