April 28, 2022

Child care shortfall cuts $2.7B from Mass. economy, says report

Chris Lisinski ,

State House News Service / Boston Business Journal

The business-backed foundation projected that employers lose nearly $812 million every year due to lost productivity, turnover and replacement costs when workers need to step away to care for their children, in addition to the estimated $1.66 billion in lost wages that families face.

And because of lower wages and spending, state government also collects $187 million less in taxes every year as a result of poor child care access, MTF said.