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Invest in Care


US child care is a $57 billion market (60% in-home, 40% in-center). An additional $22 billion is spent via government subsidies, and the amount of time spent and forgone wages by parents and family members providing unpaid care is orders of magnitude larger than the actual dollars spent.
Turner Novak • WeeCare, Carebnb’s, and the US Child Care Epidemic
“Child care is a textbook example of a broken market,” said Treasury Secretary Janet Yellen, a mother herself. She pointed out that families spend, on average, 13 percent of their income on child care for young kids, yet day-care workers earn so little they rank in the bottom 2 percent of all professions.