What Next - Are the Democrats Making Child Care Even Worse?
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3.9 • 1.1K Ratings
🗓️ 30 November 2021
⏱️ 25 minutes
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Summary
Child care has long been a “textbook example of a broken market,” as Treasury Secretary Janet Yellen said this fall. How have government efforts so thoroughly failed to fix this industry? And does Biden’s infrastructure bill threaten to hamper child care businesses even more?
Guest: Claire Suddath, writer for Bloomberg Businessweek.
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Transcript
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| 0:00.0 | Each day, Claire Suteth shows a better baby's daycare and goes through a ritual that is wholly unfamiliar to me, a person with a couple of kids, and 10 years of drop-offs and pickups under my belt. |
| 0:19.4 | One of the workers comes out, the caregivers comes out with a little forehead thermometer |
| 0:25.2 | and checks my daughter's forehead temperature because they won't take any kids if they have |
| 0:31.3 | even a low fever. And then they take her from you and take her inside and you cannot go in. |
| 0:41.5 | Claire's been inside her daycare exactly twice. |
| 0:46.4 | Her daughter's 16 months old. |
| 0:49.8 | So when you first start, it's just gut-wrenching and the parents cry, or at least I did. |
| 1:01.0 | When my kids were little, I was at my kids' daycare so often that I kind of wished for Claire's reality once or twice. |
| 1:08.7 | There was an annual holiday performance, Mother's Day and Father's Day breakfasts, moving |
| 1:14.3 | up ceremonies. |
| 1:16.2 | Claire's daycare. |
| 1:17.4 | It used to be like that, too. |
| 1:19.7 | And I know that in pre-pandemic times, they would have like a Halloween party at my daughter's |
| 1:25.5 | daycare and like the parents would come. |
| 1:27.2 | And it was like this whole thing, which they like the parents would come. And it was like |
| 1:27.6 | this whole thing, which they obviously don't do anymore. And I was like, oh, child care and |
| 1:33.1 | daycare before the pandemic is completely different than what it is now. |
| 1:41.3 | During her working hours, Claire's a reporter for Bloomberg Business Week, and she always knew |
| 1:47.2 | child care was a fraught marketplace. But with her daughter, she's gotten this up-close look |
| 1:53.4 | at the way the pandemic has been stretching and warping the child care business. She would read |
| 1:59.8 | some statistic, like that a third of daycare providers |
| 2:03.2 | are considering quitting, for instance. And then she'd go get her kid and realize that statistic |
... |
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