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A deep dive by @globebusiness, on the front page of @globeandmail...right where it belongs.
A macro story of economy-shaping proportions.
Parents, trapped: Lack of child care could undermine economic recovery and hurt women, but the solution is expensive https://www.theglobeandmail.com/business/article-parents-trapped-lack-of-childcare-could-undermine-recovery-and-hurt/
A macro story of economy-shaping proportions.
Parents, trapped: Lack of child care could undermine economic recovery and hurt women, but the solution is expensive https://www.theglobeandmail.com/business/article-parents-trapped-lack-of-childcare-could-undermine-recovery-and-hurt/
Household spending is the biggest driver of GDP in all advanced industrialized nations. Almost 70% in the U.S., about 57% here (we export more...at least we did).
Fail to remove chokepoints on the path to recovery and reduce household income=household spending=GDP.
Fail to remove chokepoints on the path to recovery and reduce household income=household spending=GDP.
What's the biggest chokepoint, for the most people sidelined by the pandemic, on the path to recovery? Childcare.
Over a third of spaces may fail to reopen.
(In the U.S., estimated loss: half all regulated spaces)
Over a third of spaces may fail to reopen.
(In the U.S., estimated loss: half all regulated spaces)
Now, if you had some warning that over a third of Canada's roads and bridges were at risk of collapse, you'd have a national plan, wouldn't you?
Otherwise you're saying you're okay with lost economic/business opportunities, lost GDP.
Do something, then!
Otherwise you're saying you're okay with lost economic/business opportunities, lost GDP.
Do something, then!
But, but, "jurisdiction!"
I encourage you to listen to what I had to say (<1 minute) about this at the 7:30 mark of the energetic exchange with @goldyhyder and @Cath_Cullen on @CBCTheHouse this morning. https://www.cbc.ca/news/politics/cbc-radio-s-the-house-could-we-take-down-the-government-1.5645720
I encourage you to listen to what I had to say (<1 minute) about this at the 7:30 mark of the energetic exchange with @goldyhyder and @Cath_Cullen on @CBCTheHouse this morning. https://www.cbc.ca/news/politics/cbc-radio-s-the-house-could-we-take-down-the-government-1.5645720
To Recap:
1. It's mathematically impossible to recover (GDP or jobs) without getting more women who lost their jobs back into the workforce (not a big enough "reserve army" of men!) https://globalnews.ca/video/7165012/canadian-women-struggling-to-return-to-work/
1. It's mathematically impossible to recover (GDP or jobs) without getting more women who lost their jobs back into the workforce (not a big enough "reserve army" of men!) https://globalnews.ca/video/7165012/canadian-women-struggling-to-return-to-work/
2. The chokepoint in the path back to recovery is childcare, the social infrastructure as important as physical infrastructure in getting people to work.
A significant (but largely unknown) scale of that ecosystem is poised to shutter. https://www.theglobeandmail.com/business/article-parents-trapped-lack-of-childcare-could-undermine-recovery-and-hurt/
A significant (but largely unknown) scale of that ecosystem is poised to shutter. https://www.theglobeandmail.com/business/article-parents-trapped-lack-of-childcare-could-undermine-recovery-and-hurt/
3. The fix needs to come from the feds, with a clear Covid-sensitive plan which ties funds to goals: high quality early learning for pre-schoolers, learning supports for school aged, care integrated with the public education system not market-based. https://www.cbc.ca/news/politics/cbc-radio-s-the-house-could-we-take-down-the-government-1.5645720
