U.S. Department of Treasury Releases Report on Child Care Supply

The U.S. Department of the Treasury has released a report on the economics of the child care supply in the United States. The report describes the existing child care system in the United States and documents how this system falls short in adequately serving families. It then proposes strategies to increase affordability and access for American families.

In addition, the report documents the strategies the Biden administration proposes to expand the supply of high-quality child care, including boosting the compensation of child care workers to ensure they earn a living wage or a wage comparable to elementary school teachers if they are similarly qualified.