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Childcare under 5 is a strange segment of the economy.
40% is done by relatives (stay at home parent, siblings, grandparent)
33% in paid nonrelative childcare
And almost 40% of kids lack a regular arrangement.
(There’s overlap.)
40% is done by relatives (stay at home parent, siblings, grandparent)
33% in paid nonrelative childcare
And almost 40% of kids lack a regular arrangement.
(There’s overlap.)
Separately from shelter-in-place & COVID, its hard to grok the economics of childcare: demand is super variably elastic or inelastic, depending on the parents.
I equally hear: “whatever’s cheap and convenient” and “whatever’s best, and the more expensive the better”
I equally hear: “whatever’s cheap and convenient” and “whatever’s best, and the more expensive the better”
Grandparents doing childcare represents a *large* segment. Some data estimates up to 25% of kids under 5...!!
With shelter-in-place, this is a silent crisis of enormous magnitude, presenting impossible choices for people who want to comply with distancing, but need to work.
With shelter-in-place, this is a silent crisis of enormous magnitude, presenting impossible choices for people who want to comply with distancing, but need to work.
I’m *very* interested in a universal childcare plan. Make it a public good. Or at least provide a public option. Because this market was broken pre-COVID. Today, it’s an emergency.
(Notes: this in the
. Source data: https://www.census.gov/prod/2013pubs/p70-135.pdf)
(Notes: this in the
. Source data: https://www.census.gov/prod/2013pubs/p70-135.pdf)
