Many working parents are learning firsthand a tough reality -- the coronavirus pandemic is pushing the nation's child care industry to the brink of collapse. 'Child care is a top concern for millions of working parents,' karentravers reports.
found that roughly half of U.S. child care capacity is at risk of disappearing.
"I'm just saying to my fellow colleagues, just ask any friend, do you have kids? What is their biggest issue right now? And this is it," she said.Child care centers are expensive to operate. Experts say they are already working around very thin margins, some often taking in just enough to cover their operating costs. Most do not have a rainy day fund for a crisis like this.
Melissa Joy's two sons went back to Circle Time after spending three months at home. She says she has had a lot of discussions with other parents about how to support the center.Karen Travers reports from Circle Time Child Center in Kensington, Md.Serrano says so far she has not been forced to lay off any staff, crediting a loan she received through the federal government's paycheck protection program.
More than 90% of the nation's 1.2 million child care workers are women. Some experts say that is a key reason the industry is undervalued and taken for granted.
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