The Economy Starts In The Family

The Economy Starts In The Family Presented by: Prof. Dr. Michalski Date: 8 October 2023 Concluding Remarks - Family makes biological, social, cultural and economic reproduction of a society possible - Family is the transmission belt of culture - Family is the unique „social interface"/mediating structure that connects individuals and introduces them to wider social structures - 1. Well-functioning family is the key to the well-being and welfare of society - 2. The family is the foundation of stability, wealth and development of local communities - 3. The family determines the recreation/reproduction and development of the community - 4. The family ensures intergenerational continuity and social cohesion - 5. The family is the basic economic entity and the sphere of capital accumulation/entrepreneurship driver Family is the - FOUNDATION - CATALYST - INSURANCE Family for - SOCIO-ECONOMIC - DEVELOPMENT - ACTIVE ECONOMIC UNIT Secret of GDP... - ... without the functioning of households, the material standard of living would be lower by more than a half (50%), which means that the contribution of work performed there is equal to the activity undertaken within the market... • - Family is the 'invisible economy' producing 'invisible wealth' • - S. Ringen, Citizens, Families & Reform, Oxford University Press 1997. (A Toffler) household work includes activities specific to ... different professions Cost of Family Failure Index - Relationships Foundation (UK) - 'Cost of Family Failure Index' is estimated to stand (data from 2018) at £51 billion, up from £48 billion in 2016 and £37 billion in 2008 - £37 billion • - £48 billion • - 2008 2016 £51 billion • 2018 • 2023 …? Estimated cost of family breakdown for Poland (for 2019) is 5,699 billion PLN • First such report for Poland  M.A. Michalski, F.M. Furman (ed.), Koszty rozpadu rodzin i małżeństw w Polsce, Collegium Intermarium, Warszawa 2021. Social Policy Late Discovery: Parenting, Not Just Money! - James J. Heckman: „Families are major producers of skills" - Families do a lot more than just pass genes. (...) Upbringing (parenting) matters. The true measure of child poverty and better opportunities is the quality of parental care the child receives, not the amount of money at the household's disposal. • (N. Schulz, s. 48) NOTES - Family is the main sphere of primary socialization (Cooley) - The family prepares and introduces new citizens to society (Roback-Morse, Fagan, Becker) - Soft skills are crucial to success in school and later in life, and their importance is often underestimated... (Heckman, 2008). - CIVIL MATURITY - RESPONSIBILITY - TRUST - PARENTAL CARE The Role of Order of Key Life Decisions for Welfare „Success Sequence" - „If a young man first finishes high school, then gets a job, marries and then becomes a parent, he or she has a two percent chance of ending up in poverty and almost seventy five percent chance to join the middle class with income of no less than fifty thousand dollars per year" • (R. Haskins, I. Sawhill, 2009) - Education - Employment - Marriage - Parenthood - Welfare CONCLUSIONS - Family conditions the multidimensional reproduction and development of society - Numerous studies confirm the essential role of family structure and stability for the multidimensional condition of society and economy - Solutions that favor fertility, high-quality socialization, innovation and social cohesion are pro-developmental - 1. FAMILY POLICY is a STRATEGICALLY IMPORTANT area of action for DEVELOPMENT and STATE SECURITY (economic/military/cultural) - 2. We are all RESPONSIBLE for CREATING the optimal legal/institutional/cultural - CONTEXT • for FAMILIES to „work effectively