Quote:
Originally Posted by scryer
Quote me where I said that, idiot. I'll wait for the PM.
To provide more clarification, since you read what you want to read: babysitting services are not going solely to save BC's economy.
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Quote:
Originally Posted by scryer
(and trust me, mothafucking child care isn't it growing BC's economy)
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How's that? It seems pretty blunt.
Like I said, maintaining labour force participation through child rearing is obviously growing the economy. Maybe not a lot, but it's pretty obvious how it works.
Women make up, what 60-70% of university attendants now? If they have kids, you're pulling some of your highest trained demographics right back out of the workforce after you train them.
Hypothetically, if my partner was taking time off after Maternity Leave, and sacrifices say $60K in income (because child care isn't available) then that's money leaving the formal economy and a drop in workforce participation.
If child care becomes available for say, $5K a year, and we decide that we can both work full time, that's $60K back into the formal economy, and $55K back into our income. Bingo, growth, spending etc.
The best part of this is also that someone with a whole bunch of schooling/training/specialization keeps getting experience and growing their career for that entire period, so the growth compounds. Lets say instead of 3 years of part time work, somebody who's making $60K/yr gets 4% in wage increases each year instead of just 2% for inflation. Because they're more experienced and their resume says they now have more experience, then every year thereafter for their whole career they're worth 6% more. That person suddenly has a GDP of +6% for the rest of their life.
Math.