MarketWatch | Leslie Albrecht
“The existing structure of America’s child-care market itself is unsustainable… Child care is an expensive, labor-intensive service to provide. …Providers can only charge what families in their area can afford to pay, so wages remain low for the business to remain solvent.”
A new report from Child Care Aware highlights a severe concern for families and the early care and learning workforce alike: child care is now more expensive than a year of in-state college tuition. Child care costs have always been high, with compensation for its workforce insufficient. MarketWatch digs into the report and what it reveals about the state of this essential industry.