A new fieldnote published by the Federal Reserve Bank of Boston describes possibilities for using funds from the Child Care Stabilization portion of the American Rescue Plan Act to stabilize infant and toddler care. One option includes issuing grants to child care providers that could subsidize the operational cost of infant/toddler care to align the price with that of care for older children. Another option is creating grants to serve as incentives for attracting infant/toddler-serving professionals by offsetting the wage penalty typically present in that sector, in hopes of growing and stabilizing the workforce. Finally, the note suggests increasing child care subsidy rates beyond the 75th percentile of market rates for infant and toddler slots. #covid-19 #childcare #workforce
How to stabilize infant and toddler care with pandemic relief funds
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