This is because childbirth is an externality that we expect women to bear.
Isn't it strange how there are only three factors of production? Land, capital and labor? Ultimately everything is being derived from the land but surely it doesn't take much imagination that humans are also derived from female humans. Reproductive work is not part of any economic model. It's just lumped in with labor even though it is not compensated and the very thing it produces is labor.
Isn't it strange how there are only three factors of production? Land, capital and labor? Ultimately everything is being derived from the land but surely it doesn't take much imagination that humans are also derived from female humans. Reproductive work is not part of any economic model. It's just lumped in with labor even though it is not compensated and the very thing it produces is labor.