Congress will need to save the childcare industry.
Vice President for Income Security and Child Care/Early Learning, National Women’s Law Center
Four out of five childcare providers will shutter permanently if Congress doesn’t provide relief. Because of the gender wage gap and other issues, it’s women who are typically forced out of the labor force when that care infrastructure is compromised.
When women take time out, their income losses compound over their lifetimes. The lost social security contributions and retirement savings lead to more older women living in poverty. This, plus the unemployment insurance lapse and expiration of eviction moratoriums, could lead to a surge in homelessness. Plus, when we disinvest from women, it also hurts the businesses they work for, the public services they support and our economy overall.
Congress needs to pass the $50 billion bailout to save the childcare sector. The NWLC and Center for Law and Social Policy estimate that $9.6 billion per month is the minimum amount needed to stabilize the sector while we get the pandemic under control.