Posts tagged universal savings accounts
Commentary: Analysis shows $17 minimum wage could exacerbate rising prices, pushing child care costs up 20%
August 15, 2023 // Such massive cost increases would almost certainly price some families out of child care completely. Some parents who want to work would be pushed out of the labor force, leading to lower household incomes. Households that have only one parent and must use child care would be more likely to turn to non-licensed, typically illegal, child care. On top of that, child care jobs would be lost, even as employment among child care workers, declined by 18.2% between 2019 and 2022. While not all parents want or need full-time child care, a $17 minimum wage could also hurt families who use only part-time child care or even occasional babysitters. For example, a family who currently pays $10 per hour for 10 hours of after-school care per week would face an extra $70 per week, or $3,640 per year, in added costs.
How To Empower Millions of Independent Workers
January 3, 2023 // Given millions of Americans' clear preference for independent work, and given the economic benefits of these arrangements, state and federal legislators should reduce the regulatory and tax burdens on both independent workers and gig platforms.