Child care doesn’t cost. It pays.
- 200,000 new jobs over 10 years in the child care sector
- Another 100,00 jobs in industries that support and supply the sector
- $17 to $29 billion per year in additional government revenues
These are the direct economic benefits to the economy from implementing a Canada-wide child care system — the sort envisioned in this year’s speech from the throne — over ten years.
This is the word from a new study by noted economist Jim Stanford, Director of the Centre for Future Work.
The study, released Nov. 25, 2020 says a Canada-wide child care program would also create greater equality, boost regional and rural economic development and bring long term health and well-being benefits for future generations.
“High-quality ELCC benefits children, parents, society and the economy, spurring job creation and GDP growth. For women, in particular, and for low income and racialized families – and rural communities – it’s a game changer” says Child Care Now Executive Director Morna Ballantyne.