Should the Child Care Industry Get a Bailout? This article in the New York Times states that “… half the child care supply in the United States is potentially at risk of closing permanently, according to an analysis by the Center for American Progress. It combined the center’s data on child care availability with a March survey of 6,000 providers by the National Association for the Education of Young Children. Seventeen percent said they could not survive any closure without government support; 30 percent said they could not survive more than two weeks; and 16 percent said they could not survive more than a month.”
“Democrats proposed $50 billion for a business that is in danger of widespread failure — and that many parents need before they can return to work.”
This week, a group of current and former senior executive leaders from some of the nation’s largest and most visible companies penned a letter to Congress requesting that funding be directed to the child care industry so the American economy can recover from the economic downturn caused by the COVID-19 crisis.
The Washington Post, May 27, 2020: “Child care experts say they are increasingly concerned America’s child-care system, fragile even before the coronavirus pandemic, is in danger of collapse without substantial help from Congress.
The issue affects not just the nearly 12 million children under age 5 and their families who rely on providers for care but also is a factor in how quickly the U.S. economy can recover from the crisis. Although we hear much more about this concern in regard to the reopening of K-12 schools, the same basic problem holds true for working parents who have young children: If they have to stay home to take care of their kids, they can’t return, or give full attention, to their jobs.”