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business11h ago
‘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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