The care theory of value

Economist Nancy Folbre explains why care workers – people who care for the ill, the disabled, children, the elderly – are chronically underpaid:

To bolster my care theory of value, I invoke the words of Warren Buffett, Sage of Omaha, referring to investment strategies. “Price is what you pay; value is what you get.”
He just doesn’t have the pronouns quite right for care workers on the front lines today:  Value is what you get, but price is what they pay.

Read more on her Care Talk blog, here.