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Child Care, COVID-19, and our Economic Future
Child care is important for cultivating the future workforce, and it also ensures that working parents of today can participate in the economy, helping to achieve the Federal Reserve’s mandate for full employment. While child care in the U.S. is a piece of critical infrastructure, it is often invisible and undervalued. Straddling the lines between parenting, education, and small business, child care does not get the full attention and resources of any particular domain, and its contribution to the economy has been overlooked.Longstanding and widespread constraints in the child care sector ...
Estimating the Affordability of Child Care across U.S. States
Wages and child-to-staff ratios are key drivers of child care costs at licensed centers. A model shows the relationship between these factors and costs as a share of household income.
Child Care, School Disruptions Burden Working Parents
Despite the U.S. recovery, working parents continue to face the challenges of a disrupted labor market and the struggles of disrupted child care.
Pandemic, Rising Costs Challenge Child Care Industry
As the economy recovers and more parents return to work, declining child care capacity, combined with higher wages, could continue to push up costs.
Child Care Remains Central to an Equitable Recovery
Affordable child care can raise labor participation and productivity, as well as improve gender equity and the economic security of mothers, particularly women of color.
Opinion: Investing in Women's Careers
In the early 2000s, only about 5 percent of all NBA players were from Europe. As of 2017, that number had risen to almost 14 percent. During this same period, the league's revenue grew from $2.5 billion to $7.4 billion, peaking in 2019 at $8.8 billion. Since that time, the NBA has invested in global talent on behalf of its teams, and it recently opened academies in Australia, India, Senegal, and Mexico. As a result, young athletes worldwide are choosing to play basketball and invest in their skills more often. The investment is paying off: The last five NBA MVP awards have gone to players ...
Creating An Economy That Works for All: Remarks at the Bunker Hill Community College 2023 Convocation
To build a vibrant, inclusive economy, we need the best ideas, energy, and participation from everyone. Community colleges play a critical role in this important work by providing affordable, accessible higher education and essential skill development – ultimately strengthening our economy and society.