4.2 • 5.3K Ratings
🗓️ 1 November 2024
⏱️ 17 minutes
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0:00.0 | Here in the U.S., if you have children, or even if you don't, you probably know that daycare is really expensive. |
0:13.1 | How on earth are y'all affording daycare? I had somebody tell me $550 a week for a kid. Are you insane? |
0:20.7 | The daycare is so high right now that me and my husband had to make the decision to take my son |
0:26.6 | out of daycare for the summer. |
0:28.6 | If you add in my third, it's going to come to about $6,800 a month for daycare that's only |
0:34.6 | from 9 to 2 a day. |
0:35.6 | I need the freaking raise and a big one to be able to afford this. |
0:41.7 | How would you describe the state of early child care in the US right now? Well, one of the people |
0:48.1 | who I spoke to described childcare as a broken business model because childcare is extremely |
0:54.0 | expensive for parents to pay. |
0:56.3 | At the same time, childcare does not make a lot of money. |
1:00.1 | And the reason for that is because it is so labour intensive and they have to pay staff. |
1:06.0 | You know, you can't get an algorithm to put a toddler down for a nap or change a diaper remotely, you need people |
1:12.6 | to be in person. |
1:15.2 | My name is Harriet Torrey, and I cover the U.S. economy. |
1:19.1 | So why are you writing about childcare? |
1:22.1 | I think it's an overlooked aspect of the U.S. economy because so many people struggle with childcare. This is not |
1:29.9 | something new that the economy is suddenly facing. And this is something that really underpins the |
1:36.3 | US economy in so many ways. People need reliable childcare in order to participate in the labour force. |
1:46.6 | For decades, there have been attempts to change the way child care works in the U.S. |
1:51.8 | Activists have called for reforms, and there have been bills introduced in Congress. |
1:56.4 | But it's still really hard to find affordable child care. |
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