8legs: Economy

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‘Think Tank’ Explores How Childcare Impacts the Economy

Panel says New Jersey faces an economic loss due to insufficient affordable childcare, with billions in lost earnings cited.
About 500,000 New Jersey women reportedly left the workforce due to childcare costs, panelists said.
Panelists noted pandemic funds helped childcare during COVID, but those funds have since stopped.
Experts stressed childcare costs continue to outpace inflation and grow to about $19,000 per child.
Officials urged stronger state investment to ensure childcare is robust and supports other industries.
Panel emphasizes early childhood care as an economic priority for the state.
Questioning the system’s capacity, panelists mention ongoing closures and reopening challenges in the sector.
Experts linked childcare stability to broader economic growth and workforce productivity.
The segment frames childcare as an economic policy issue with long-term impacts on education and employment.
The discussion directs viewers to watch the full 30-minute episode for details.

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