The House recently passed two bills that would provide a combined $100 billion in direct child care funding over the next 5 years, but it’s unclear if either will pass the Republican-led Senate.
Without a bailout, experts say up to 40% of childcare centers will close for good.
Couples who can’t afford to hire a full-time babysitter will have to answer a difficult question: Who sidelines their career to care for the kids?
Multiple economists say that in heterosexual couples, it will be women who leave the workforce, for two reasons: They make less money than men on average, and secondly, they are already more likely to be the one who cares more for the kids.
Those who choose to stay in the workforce will likely prioritize flexibility over career growth, further widening the gender wage gap.
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Affordable and accessible childcare — the underpinning of a functioning US economy that allows parents to work — is hanging by a thread.
On Wednesday, The House passed two bills, the Child Care is Essential Act and the Child Care for Economic Recovery Act. They would provide a combined $100 billion …read more
Source:: Businessinsider – Strategy