U.S. child care is expensive — and not working for most families

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 29 May 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite cooling inflation, many Americans still say higher prices make it difficult to make ends meet. That’s especially the case for parents. The cost of child care has far outpaced overall inflation for the past few decades, to the point that it’s affecting the labor force. We discuss. But first: Tensions between Exxon-Mobil and some of its shareholders may well boil over this morning when the company holds its annual shareholder meeting.

Transcript

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0:00.0	My name is Lee Hawkins. I've been a journalist for over 25 years. On my new
0:08.8	podcast, What Happened in Alabama, I get answers to some of the hardest questions about how things
0:15.4	came to be for many black Americans and the truth that must come before any reconciliation can
0:21.6	happen. I investigate my family history, my upbringing in
0:26.2	Minnesota and my father's painful nightmares about growing up in Alabama. What happened
0:32.1	in Alabama is a new series confronting the cycles of trauma for myself,
0:37.0	my family, and for many black Americans.
0:40.0	Listen now. From all of us at Marketplace, we wanted to say thank you to everyone who stepped up to donate and helped us keep on track this year.
0:58.0	The support of our Marketplace investors is so important to keeping our public service newsroom running strong.
1:05.0	We made great progress toward our goal.
1:07.5	Every donation is critical to helping us stay on track as we approach the end of our budget year.
1:12.4	If you didn't have a chance to donate, now's a great time to make
1:15.2	your gift. Give now at marketplace.org.
1:18.6	slash donate. Thanks again. In for David Brancaccio, tensions between Exxon Mobile and some of its shareholders may well boil over this morning.
1:36.2	When the company holds its annual shareholder meeting, some of Exxon's activist shareholders have been pushing the oil giant to do things like adopt a
1:43.8	greenhouse gas reduction plan. Exxon is suing them for basically harassing the
1:49.2	company. One major shareholder has responded by promising to vote against the re-election of Exxon's current board of directors.
1:56.6	Marketplace's Nova Safo has the details.
1:59.0	Activist investor groups have for years now been pressuring ExxonMobil and other giant oil companies
2:04.4	to adopt tougher carbon emissions reduction targets. Four of the five biggest
2:09.2	Western oil giants have done so. Exxon has not. Two shareholder groups proposed a climate
2:15.0	related resolution for its meeting today. Exxon sued them, saying their
	...

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