Is it time for the government to offer universal family care?
Early child care and education runs nearly $10,000 annually for the parent of a toddler, on average.The federal law requiring many employers to provide family and medical leave isleave — and 40% of workers are excluded. So if most workers take a leave to care for a loved one, they face significant wage loss. They might lose their job, too.
Heidi Hartmann, chair of the Early Child Care and Education/Paid Family and Medical Leave Working Group says the social insurance pool idea has one big advantage over today’s fragmented financing system for caregivers: “This is a benefit you will get over your lifetime.”“Each state has unique political dynamics and demographics. Some have older populations. Some have more young families,” said Benjamin Veghte, the study panel director and NASI’s vice president for policy.
“Think of the productivity gains if people didn’t have to stay home to be a caregiver and could contribute to GDP and accumulate retirement savings,” Veghte said.
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