4.5 • 705 Ratings
🗓️ 25 October 2018
⏱️ 8 minutes
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0:00.0 | Welcome to the Prerata podcast, a podcast that takes 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:06.1 | Filling in for Dan Primack, I'm Kim Hart. On today's show, Trump's midterm rally blitz and Twitter's user loss. |
0:12.2 | But first, paying for child care is the new front in the job war. The pay gap between young men and women is steadily closing, but there's still a chasm between what older men and women earn, |
0:21.3 | mostly due to the financial strain of raising children. That means that even as we make progress |
0:25.2 | in narrowing the wage gap for new workers who've recently entered the job market, those gains |
0:29.1 | will evaporate when these young women become mothers. So some companies, including Starbucks, |
0:33.4 | Campbell's Soup, and American Express, have begun offering corporate child care benefits to |
0:37.4 | keep women from |
0:38.0 | dropping out of the workforce. Child care costs aren't trivial. I remember being shocked at how |
0:42.3 | pricey daycare was when I had my first child four years ago. In fact, the average family spends |
0:46.7 | nearly 8% of their monthly income on child care, according to the Center for American Progress. |
0:51.2 | For families earning less than $1,500 a month, they spend around |
0:54.8 | half of it on child care. For some women, the cost of child care is a factor in their decision |
0:58.7 | about whether or not to start a family. But doing what's best for women workers isn't the only |
1:02.6 | thing driving this. As unemployment hits its lowest level in almost 50 years, companies are |
1:07.1 | adding perks to lower workers. We've seen that with minimum wage hikes and loan assistance programs. |
1:12.3 | In 15 seconds, we'll go deeper with this on Axios reporter Erica Pandi. |
1:15.8 | But first, this. |
1:17.4 | Axios chief technology correspondent, Enah Freed, shares breaking news and analysis |
1:21.6 | on the most consequential companies and players in tech from the Valley to D.C. |
1:26.6 | Subscribe to get smarter faster at signup.axios.com. |
1:30.2 | And now, back to the pro rata podcast. |
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