CBS News explores how soaring child care costs are driving people from the workforce in record numbers. Experts, parents, and US Senators on both sides of the aisle agree: affordable child care is a national economic priority, not a luxury.
A new report reveals child care shortages and high costs force many SC parents to miss work or quit jobs, contributing nearly $1 billion/year in lost productivity — severely impacting businesses and state tax revenue.
The report, conducted by the U.S. Chamber of Commerce Foundation with the SC Chamber of Commerce and Department of Social Services, estimates child care failures cost South Carolina nearly $1B yearly.
An in-depth news report details the “Untapped Potential in South Carolina” study by the SC Chamber, U.S. Chamber Foundation, and DSS — finding nearly $1B lost annually from unaffordable child care, hurting productivity and tax revenue.
Businesses are discovering the economic benefits of investing in childcare benefits for their employees amid a child care crisis in the US. A collaborative study between Boston Consulting Group (BCG) and the nonprofit organization Moms First reveals child care support not only benefits working parents but also significantly enhances company performance.
“Micro” businesses are leading the way in offering onsite child care, according to a new study from Fort Worth-based Best Place for Working Parents. The number of overall businesses offering the option also is increasing.