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The child care industry’s plight

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Axios, September 2020

The child care industry is collapsing under the strain of the pandemic.

Why it matters: With parents making up a third of the U.S. workforce, the fate of schools and day care centers and the strength of the economy are inextricably linked — given that the hit to closed schools could be an estimated 3.5% of GDP.

“The child care system needs a large-scale, immediate bailout. Full stop,” says Alicia Modestino, an economist at Northeastern University.

Continue reading at Axios.

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