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Which is precisely why government subsidies for child-care are necessary if we're going to structure society around nuclear families with both parents working.
by BaseballPhysics 4y ago
Which is precisely why government subsidies for child-care are necessary if we're going to structure society around nuclear families with both parents working.
The cost of labour alone is enough to explain eye watering child-care costs, which means you either a) push that cost back on the consumer, b) somehow drive down the cost of labour, or c) have the government subsidize the cost of labour to make the price affordable and the businesses sustainable.
We're doing (a) now and it's not sustainable, hence articles like these.
To achieve (b) you'd need government intervention, anyway, as the market is already optimizing for minimizing labour cost.
And thus you're left with (c), which is the path Canada has started going down recently:
https://www.canada.ca/en/employment-social-development/campaigns/child-care.html https://www.canada.ca/en/employment-social-development/campa...
- xvaier 4y agoYou'll notice that Québec is not on the map when they compare potential savings because we've had government subsidized daycare for over 25 years. The results have been increased participation of mothers in the workforce and increased GDP[1]. The same article explains that the ROI is about 47%, meaning that for every 100$ spent, the federal and provincial governments get 147$ back in increased productivity. 1. https://ici.radio-canada.ca/nouvelle/557405/garderie-subventionnees-rentables https://ici.radio-canada.ca/nouvelle/557405/garderie-subvent...
- deleted 4y ago[deleted]