America Needs Public Investment in Childcare
Between the high costs of childcare, the absence of credit options to help young parents, and the pressure on providers to contain costs by paying low wages, the US public sector has ample reason to intervene in what has become an essential market. Doing so would serve not just children but the entire economy.
WASHINGTON, DC – This year’s winner of the Nobel Prize in Economics, Claudia Goldin, has been recognized for her work documenting women’s changing role in the US economy over the past several decades. Far from just an interesting historical account of social progress, the topic remains deeply relevant to economic outcomes today.