Zohran Mamdani: “The city has lost about $23 billion in economic activity…”

“It's also an economic imperative. One of our hallmark signature platforms is to deliver universal childcare, cost of which is around $6 billion. The city has lost about $23 billion in economic activity from the lack of affordable childcare in the last few years. That's nearly four times the cost of it. So what we're talking about here is also making the investments that will then aid our economy by aiding our people.” (03:42–03:50)

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.