By Futurist Thomas Frey
America is facing a silent but devastating economic crisis, and it’s not about inflation, interest rates, or even the much-discussed labor shortage. It’s about childcare—or more precisely, the lack of it. Behind the headlines about workforce participation and economic growth lies a system so fragile that millions of parents are being forced to choose between earning a paycheck and caring for their kids.
In 2020, a staggering 58% of working parents reported leaving work because they could not find adequate childcare. State economies collectively lost between $165 million and $9 billion due to these challenges, according to the U.S. Chamber of Commerce. And while the pandemic exposed the issue in dramatic fashion, the truth is that the childcare crisis has been building for decades.
Continue reading… “The Childcare Crisis Is Crushing Workforce Participation”
