The child care crisis is costing the economy $122 billion a year, new study finds – and it's not just hurting families, businesses and taxpayers are taking a hit

When parents can't find adequate child care, they might miss work, get fired or choose to leave the workforce entirely — all of which not only affects how much money families earn, but costs businesses and taxpayers. And the situation has gotten worse in recent years. According to the study fromThe report found that not having child care — or enough child care — costs individual parents more than $5,500 a year, or more than $78 billion in total.

"We found that the impacts were more widespread and more severe," Bishop said of the latest results."More parents were reporting the negative impacts on their work and in some cases dramatically – I think it was twice as many people fired, more people quitting." This comes as the United States is facing an ongoing labor shortage. At the end of last year, there were more than 11 million job openings. Quitting rates remain above pre-pandemic levels. For many businesses, finding qualified workers remains one of the greatest challenges.

Demand for the company's cleaning and disinfectant products remained high throughout the pandemic. Having enough workers to meet that demand would mean more sales — but right now, they're paying their existing workers"a ton" of overtime instead. McBride welcomed going in with other businesses to provide child care, but the cost-benefit for onsite care doesn't make sense for his company alone.

A growing number – 49% – offer employees child care resources and referrals, according to World at Work data. Only 10% of offered on-site or near-site child care centers – up from 7% in 2016, but down from the 12% peak in 2020 and 2021. Only 9% offer subsidies or discounts – which was virtually unchanged since 2016.

Or, people willing to work have 25% better chance of being hired. ABORT or CAREER. Can't have it both ways.

Not to mention the low pay childcare workers receive. You would think you'd want quality people around your kids at their most vulnerable and impressionable ages

Canadian day cares are following Quebec and charging 10 bucks a day per child with the government making up the difference so more people can afford to work

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