Harris, Yellen to make case for massive government intervention in child care sector, citing ‘market failures’

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Vice President Kamala Harris will hold an event with Treasury Secretary Janet Yellen on Wednesday as the Treasury Department unveils a new report on the state of the country’s child care system. The report describes child care as “a crucial and underfunded part of the American economy” and makes the case for increased government investment, including universal preschool for children 3 and 4 years old.MCDONALD’S OWNERS OFFER TUITION, CHILD CARE TO LURE BURGER FLIPPERS“Several market failures help explain why the current system is unworkable,” the report says. These market failures include how parents of young children are often at early stages of their careers and not earning as much as they would later, and are generally unable …

















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