This paper proposes an income guarantee called Core Support (CS), defined as compensation for household activities such as childcare, food preparation, care of elderly or ill persons in the home, and maintenance of the home and of household vehicles and appliances. The immediate goals of the proposal are to highlight, through compensation, the reality that the productive activities carried on in households are of essential importance for the whole economy and society, and to enable the people who carry out these essential activities to do so without having to short-change the care work because of the need to earn money through the market. The CS concept builds on literature on Basic Income Guarantees (BIG) and on feminist economics, which tends to be skeptical of BIG proposals. By addressing intra-household allocations, CS shows how a basic income system can promote a more caring democracy and a more partnership-oriented socioeconomic system that rewards the essential work of care. Appendix A surveys seven ways by which such a program could be financed.Keywords: basic income, care economy, core economy, intra-household distribution, unpaid work, women's work, gender norms, feminist economics, valuation, GDP Copyright: ©2017 Goodwin. This is an open-access article distributed under the terms of the Creative Commons Noncommercial Attribution license (CC BY-NC 4.0), which allows for unrestricted noncommercial use, distribution, and adaptation, provided that the original author and source are credited.
THE MACROECONOMIC CONDITIONS THAT WILL AFFECT WHAT IS POSSIBLE AND
WHAT IS DESIRABLEIn 1930 John Maynard Keynes anticipated that, due to the rapidity of technological change that was making labor ever more productive, "in our own lifetimes … we may be able to perform all the operations of agriculture, mining, and manufacture with a quarter of the human effort to which we have been accustomed." He predicted that by the time of his generation's grandchildren "the economic problem" -the struggle for subsistence -would be solved. (Keynes, 1930, pp. 3-4) 1 In one respect we could say that this prediction has been fulfilled: there is already enough global productive capacity so that a comfortable subsistence could be provided for all humans. That this is not the actual result -that a quarter of the human population still lives in situations of abject poverty -is not because we are technologically incapable. Rather, it is because the prevailing economic systems provide some people, but not all, with the means to be highly productive, in the sense of producing much that is valued in the world's markets; while others can barely produce enough for their own needs, or they work at jobs whose output is rewarded with very low pay.The essential assumption underlying Keynes' prediction was a continuing rise in labor productivity -that is, the average amount of goods or services that one person can produce. This trend has been observable ever since the beginning of the Industrial Revolution, in the 18 th century. What has ...