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The economic recovery has a child-care problem

“Anything that negatively affects workforce participation — and productivity of workers — has a huge effect on our global competitiveness,” said Robert Kaplan, president of the Federal Reserve Bank of Dallas.

By Catarina Saraiva, Reade Pickert and Olivia Rockeman | January 29, 2021 at 01:48 PM

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woman sitting in the middle of her home daycare space

(Bloomberg) –When the pandemic broke out, significant help arrived quickly for working parents in many rich countries, with one notable exception: the United States.

Now, nearly a year later, President Joe Biden aims to address what has become one of the most daunting obstacles to a full economic recovery, with policy proposals such as more money for child care and families.

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