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New research connects access to early education and childcare to economic growth and stability. Here are some highlighted passages:
He said he found that states with lower economic growth and lower average income tended to be places where more informal child care situations prevail.
“Child care is not driving the growth,” Snead said. “But the suggestion is that it is very difficult for any state to increase their relative economic growth without increasing their use of paid child care.”
That’s reason enough to invest in it right there, many early childhood advocates say. But there are additional reasons to pay attention to child care. We should care about child care because, as the report reminds us, the link between quality paid child care and benefits to the economy have been proven. Access to the established child care market increases labor force participation, boosts local economies and helps support a stable workforce.
Quality child care also helps to build a workforce of the future. Particularly among lower-income children, those who have access to high quality child care are less likely to be held back a grade, to be referred to special education and go to jail. Those same children are more likely to graduate high school and attend college, all leading to higher earnings for them as adults.
The article also advocates for a mixed-delivery system. You can read more here.