The Biden White House issued an completely incorrect analysis and unsatisfying prescribed that coincided with the White House’s intellectual tendencies last week as it acknowledged America’s record-low and still-decreating population.
Our baby is a child, according to President Joe Biden’s Council of Economic Advisors, who recommends more daycare, more federal subsidies for daycare, and more parents of young kids working outside the house.
The population has merely hit 1.62 children per woman, which is a record low, and the nation has had fewer and fewer children every year for the past 16 years. The number of seniors in America is growing as the population has fallen off and will rapidly begin to decline. This increasing “old- age- dominance ratio”, the White House agrees, may be poor for the economy, as we have more consumers and fewer people making things or performing services.
But, the White House cautions us that” a rise in labour force participation and labor productivity may be countervailing makes that reduce the effects of an aging people.”
This is true. However, the White House, in an odd way, concentrates its conversation of labour force participation on parents of younger children rather than on the actual cause of declining labor force participation, which is middle-aged persons, as Washington Examiner viewpoint writer Tiana Lowe Doescher explained.
Before going on to detail the necessity of common day care, the White House states that “accessing dependent care is an example of one mainly severe constraint to labour force participation.”
But focusing on parents is missing the story, as the Federal Reserve Bank of San Francisco makes obvious:” While]labor force participation ] for women entire has declined since 2019, the whole decline comes from the 55 and older age group, with virtually no change in trend for people of prime working age, 25–54″.
People are now 49.9 % of all personnel in America. Why does ensuring that more women than men are employed get a policy objective?
There is no turmoil of mothers leaving the workforce, according to the democratic Vox,” there are more mothers working today than at any time in history,” according to the report. Moms with younger children under the age of 5 account for the majority of the labor market’s growth, with about 70 % of them holding a formal job.
The White House attempts to appear like there is a significant shortage of care, but according to Vox,” jobs in the infant care industry have continued to grow, with more people working in the sector as of April than in any time on report.”
The Biden team’s claim that there is a child care shortage is absurd is laughed off by the Biden team:” The Center for American Progress estimates that 50 % of families reside in child care deserts: regions where there is n’t enough child care supply to meet demand.”
The partisan CAP’s” child care deserts” include all sorts of places with thriving families with lots of marriage and lots of children and a healthy supply of ( gasp ) stay- at- home mothers, extended family, and strong communities. For a good example, check out the suburbs of Salt Lake City.
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The Biden White House wishes they did, but mothers in America do n’t, in fact, want day care as much. The CEA is upset that “mothers of young children have historically lagged behind mothers of older children and women as a whole in terms of labor-force participation rates.”
That is, according to the economists in Biden’s White House, the issue is that some mothers prefer to stay at home.
