The introduction of universal childcare in B.C. costing $10 per day would be an economic boost for the province, says an independent report published today.
“Working families can’t afford childcare: it’s like having a second mortgage and prevents full participation in the labour market,” said BCGEU president Stephanie Smith, who is an Early Childhood Educator.
“This report shows that investing in affordable, universal childcare is good for business and good for the economy. The BC Liberals balance the government budget by failing to invest in critical social services, including early childhood education,” added Smith.
The report says that the introduction of $10 a day childcare would:
• create 31,215 new full-time child care spaces by 2025 while reducing childcare fees for parents — currently as high as $100 a day in some places — to $10;
• cost the BC government $1.5 billion a year but also increase GDP by two percent a year — or $5.79-billion — by 2025.
The report was prepared by independent researcher Robert Fairholm and Lynell Anderson, a Chartered Professional Accountant, for the Early Childhood Educators of BC.
BCGEU has endorsed and strongly supports the $10/day childcare plan, which also provides a living wage for child care workers.