Global Future Council on the Future of Care Economy

Global Future Council on the Future of Care Economy

Description

Care is fundamental to all economic and strategic decision-making as it affects 8.1+ billion people throughout their entire life cycle.

A demographic shift is driving growing demand for eldercare, childcare, and wider social infrastructure. Care systems are running at suboptimal levels in economies suffering from underprovision, showing there is a clear need for a collective effort to provide care as a public good.

The GFC on the Future of the Care Economy is a frontier council exploring pathways to seize the Care Opportunity: more efficient care systems can unleash resources needed to strengthen economies.

The council is working on a solutions-based proposition that identifies the investments, incentives and partnerships that are needed now, to transition towards care economies that contribute to:

• Higher productivity and growth
• Higher levels of gender parity
• Higher levels of workforce participation
• Higher levels of educational attainment
• Higher business profitability and efficiency
• Lower levels of inequality
• Lower social expenditure in the long-term

Co-Chair
Reshma Saujani, Founder, Girls Who Code

Tim Allen, Chief Executive Officer, Care.com

Council Manager
Kim Piaget, Insights Lead, Diversity, Equity, Inclusion and Social Justice, World Economic Forum

On the Future of the Care Economy

Davos Agenda

Men want to increase care work at home. Here's how business can help

Social norms and lack of parental leave are key barriers to men taking up care work at home. Here's how business can create a more gender equal culture.

Reshma Saujani, Gary Barker, and Julia Hakspiel 16 Oct 2023

Davos Agenda

Building a care economy: 4 leaders on why investing today will create a virtuous cycle of prosperity

Beyond supporting economic recovery, investment in the care economy can unlock a virtuous cycle of prosperity for women and help make gender parity a reality.

Silja Baller and Julia Hakspiel 10 Oct 2023

Society and Equity

Affordable childcare is possible — and access to it would benefit us all

American families report spending upwards of $6,000 per month on childcare — and globally, that challenge is just the tip of the iceberg. Changing that status quo is a major opportunity.

Reshma Saujani and Tim Allen 19 Mar 2023

Members