We all know that childcare isn't cheap. But a few stories this week put in perspective just how expensive it is to have children.
The worst impact is on those making minimum wage salaries
, but even middle-class families are affected, as this
personal story reveals. There are large costs to society, as well.
For many families, childcare means that one parent — usually the woman — drops out
of the workforce entirely. The labor force participation rates for women
may continue to decline so long if there is no policy or market-place based solution to this problem.