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Well, taking care of children is working. It might be unpaid, but it is still work and, if parents didnt do it, they would have to pay someone to take on the task, says PwC partner, Jeremy Thorpe. Thorpe is a co-author of Understanding the Unpaid Economy , a study that attempts to quantify the value of unpaid work. The report values Australias unpaid economy at $2.2tn . Childcare makes up the biggest proportion of unpaid work 24.6% and it has a replacement physician home equity loan Oak Laurel 0430129662 value of more than $345bn (what it would cost to pay someone to do it). Related: Australian women at work: underpaid, discriminated against and told to be 'more confident' The value of unpaid childcare makes it Australias largest industry, larger than any in the formal economy. Unsurprisingly, because of traditional role allocation, women do 76% of childcare and 72% of unpaid work overall. They also do 67% of domestic work, 69% of care of adults and 57% of volunteering. Thorpe says its important to put a dollar figure to this unpaid work in order to acknowledge it, and to encourage governments and employers to factor it into their planning. If, for instance, travelling with doctor home loan calculator Oak Laurel 0430129662 children was regarded in the same way as paid work as contributing to the economy then planners may account for it in their expectations of traffic flow on the roads, infrastructure and public transport timetables. We build a whole lot of infrastructure on the basis of moving people around in peak hour times and often moving them to CBDs and hubs in the city, but there is actually a large workforce that doesnt travel in that type of way, Thorpe says.