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Invest in Care
The adult care industry is massive, currently estimated to be $140 billion in size, and remarkably complex.
Michael A. Greeley • Pulling Back the Veil Surrounding Nursing Homes…
US child care is a $57 billion market (60% in-home, 40% in-center). An additional $22 billion is spent via government subsidies, and the amount of time spent and forgone wages by parents and family members providing unpaid care is orders of magnitude larger than the actual dollars spent.
Turner Novak • WeeCare, Carebnb’s, and the US Child Care Epidemic
The sector of the American economy devoted to care—of children and the elderly and people with disabilities—is valued at $648 billion. That’s larger than the U.S. pharmaceutical industry. And yet most individual caregivers are criminally underpaid. That’s because caregiving is viewed either as a “labor of love,” in which case it can never be priced... See more
Anne-Marie Slaughter • We Need a New Economic Category
