Tom Weber’s Post

💡 CHILD CARE PROGRESS IS BUILDING A WORKFORCE ADVANTAGE FOR MASSACHUSETTS AND EMPLOYERS HAVE AN IMPORTANT ROLE TO PLAY! 💡 👀 CHECK OUT MassBiz4EarlyEd's opinion piece in the Boston Business Journal! 👀 "It’s no secret #Massachusetts still faces massive #laborforce shortages and #childcare remains a huge barrier to #labormarket participation as for many #families the cost of child care can often overshadow potential earnings. We must take this moment to unleash the untapped #talent that is under-engaged, or completely sidelined from the Massachusetts labor market due to the expense and scarcity of child care. Massachusetts needs not only a whole-of-government approach, but also a whole-of-all-of-us approach, including and especially, Massachusetts #employers." - Tom Weber, Foundation Fellow at Eastern Bank Foundation & Executive Director at Massachusetts Business Coalition for Early Childhood Education Follow and learn more with the Massachusetts Business Coalition for Early Childhood Education (#MassBiz4EarlyEd)! 👏 Eastern Bank Foundation

𝐔.𝐒. 𝐂𝐡𝐢𝐥𝐝 𝐂𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 2024-2032: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://lnkd.in/gUcTweFV The U.S. child care market is a dynamic and essential sector, projected to grow from USD 214.2 billion in 2023 to an impressive USD 331.3 billion by 2032, at a CAGR of 5.60% during the forecast period. This growth is driven by rising parental employment rates, the increasing emphasis on early childhood education, and advancements in child care facilities. The sector is characterized by a diverse range of providers, including organized care centers and home-based services, catering to the evolving needs of families across the nation. Our comprehensive market research report delves into the quantitative and qualitative aspects of the U.S. child care market. It explores major manufacturers, regional dynamics, and market segmentation by type and application. Additionally, the report offers insights into key players’ strategies, product innovations, and market share projections for 2024. Segment-wise growth calculations and forecasts for consumption value are presented for 2024-2032, aiding businesses in targeting specific and lucrative market niches for expansion within the U.S. child care market. 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐨𝐟 𝐔.𝐒. 𝐂𝐡𝐢𝐥𝐝 𝐂𝐚𝐫𝐞: https://lnkd.in/gUcTweFV By Type: Early Care, Early Education & Daycare, Backup Care, Others By Application: Organized Care Facilities, Home-Based Settings By Region: North America, Europe, Asia-Pacific, South America, Middle East & Africa By Key Players:Bright Horizons , KinderCare Learning Companies , Learning Care Group , Spring Education Group, Cadence Education, The Learning Experience, Childcare Network, Kids 'R' Kids International, Inc., PRIMROSE SCHOOL FRANCHISING COMPANY #childcaremarket #marketresearch #childcareservices #earlyeducation #usmarketgrowth #childcareindustry #daycareservices #childhooddevelopment #parentingneeds #marketinsights

As the federal government and states begin setting next year’s budget, early childhood education has emerged as a key focus. Research shows that most brain development occurs in the first five years, and high-quality early education leads to long-term positive academic, economic, and health outcomes. However, children from low-income backgrounds—who are disproportionately likely to live in low-income households—are significantly less likely to attend preschool due to high costs, limited availability, and barriers to obtaining child-care subsidies. Despite existing federal aid programs, the Department of Health and Human Services estimates that 77% of eligible children do not receive childcare and early education subsidies. Additionally, census data reveals a significant decline in preschool enrollment during the COVID-19 pandemic, as many child-care centers closed and costs increased. Learn more via: https://buff.ly/3wtkI4v EdTrust #MidwestUrbanStrategies #EarlyEducation #ChildDevelopment #Preschool #EarlyChildhood #EducationEquity #BrainDevelopment #ChildCare #EducationPolicy #HighQualityEducation #EconomicOutcomes #HealthOutcomes #EducationAccess #LowIncomeFamilies #SubsidyPrograms #COVIDImpact #EducationFunding #ChildhoodLearning #EducationalEquity #YouthDevelopment #InvestInKids

This is such an important conversation—thank you Tom Weber for sharing this insight and highlighting the Chicago Fed’s research. The childcare crisis impacts so much more than just working parents and caregivers; it’s a structural issue that directly affects children’s development, employer success, and overall economic growth. The stubborn supply and demand imbalance in childcare not only limits family opportunities but also holds businesses back from reaching their full potential. Have we forgotten that early childhood development is the cornerstone of workforce development? Addressing this isn’t just a moral imperative; it’s an economic one. It’s time for leaders across industries to come together and invest in sustainable solutions that support working parents, high-quality early childhood education, and the incredible providers who make it all possible.

Interest holder voices matter! See how we combined family surveys, provider feedback, and statewide/regional data to create a 360-degree view of #EarlyChildhood education needs in Idaho. https://lnkd.in/gkaYiREV #ECE #EducationResearch #NeedsAssessment

When asked about their reasons for not having children, Japanese couples often cite the financial burden of #childcare and #education. What motivates this strong emphasis on education despite these costs? For more insights, please follow #HIC(Herald_Insight_Collection) #HIC #Herald_Insight_Collection #Birth_rates #Japan https://lnkd.in/g8sTRKqa

Today is #WorldChildrensDay and we'd like to share an incredibly impactful article 📃 published in "The Conversation" by Catherine Draper, Associate Professor at MRC/Wits Developmental Pathways for Health Research Unit, on the importance of the next 1,000 days of a child's life after the first 1,000. The article is based on the recently released research in the journal, The Lancet, on the "next 1,000 days", where the development of children between the ages of 2 and 5 is as critical as their first 1,000 days. The areas of development include "cognitive development and self-regulation, as well as social, emotional, motor, language and numeracy skills". Our Early Learning Outcomes Measure (ELOM) tools assess five of these developmental domains, see more on our website here 👉 https://lnkd.in/eM4jy7G3 Draper highlights the following recommendations to ensure children are set up for success in their next 1,000 days: 🤝 The various related sectors, such as health, early learning, child protection, and social welfare need to collectively work together. 🧒 Programmes, ideally through partnerships across sectors, that focus on helping these children to thrive should not only involve risk mitigation, but also "protective" factors that buffer children from these risks. 🌟 Programmes must be of high quality and contextually relevant. 🌱 Equity and inclusion is crucial. Programmes of equal quality will allow for the most vulnerable children to be reached. Read the full article below👇 To learn more about The Lancet's "next 1,000 days" research, see here 👉 https://lnkd.in/dhyU76tn #earlychildhooddevelopment #earlylearning #earlylearningoutcomesmeasurement #ELOM #next1000days #SouthAfrica #WorldChildrensDay

Supply-side funding will help irrigate the “childcare deserts”, identified by the Mitchell Institute, in which one third of Australia’s population now lives. These are mostly in regional and remote areas and in outer suburbs of the major cities.

I've been a big fan of universal pre-k for a long time. Universal pre-k can be a game-changer for families, especially mothers. It's one of the best investments you can make with a public dollar, with a significant positive return on investment. Even if you assume zero long-term academic effects for students, the boost to parental labor supply and income that comes with more childcare exceeds the cost of these programs (via increased tax revenue). Not sure? This new research paper does a really good job at explaining and measuring these effects: https://hubs.la/Q031c22S0