Researchers estimate that every dollar spent on early childcare returns as much as $13. After Quebec began offering universal childcare, the number of women in the workforce with young children grew by 16%. In a city that lost $23 billion in economic activity in 2022 alone because of parents who had to quit their jobs or cut back working hours. This decision today, this commitment to universal childcare, has the potential to supercharge our economy. We will support and grow our workforce. We will grow our tax revenue, and we will grow as a city. (06:59–07:09)
CLAIM
Asserts that New York City lost $23 billion in economic activity in 2022 due to parents leaving jobs or reducing hours.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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