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‘The pay is absolute crap’: Child-care workers are quitting rapidly, a red flag for the economy

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“Childcare is a textbook example of a broken market,” said Treasury Secretary Janet Yellen, a mother herself. She pointed out that families pay, on average, 13 percent of their income on child-care for young kids, yet day care workers earn so little they rank in the bottom 2 percent of all professions. Biden has proposed the largest federal investment ever in child-care in an effort to transform the sector.

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