I will address something in one of the bills that is about childcare and the care economy. We all know the care economy is what makes all other work possible. Women can go to work when they know their babies will be well taken care of. When a parent or grandparent gets ill, we know that it is women who step in to fill the gap. In fact, because it is so expensive to get care, we have seen a record number of women fall out of the workforce. It is up to about 350,000 women, I think, who have left. This is a problem because we need women to be able to participate in our workforce, to be able to contribute to their own household's income. We know that this is something that can be fixed with governmental action. In New Mexico, we now have universal childcare. It is something we can get done, and the reason why we do this is because it is important to allow women and parents to work. It is often men who stay home as the father. It is also important for the child because when you get good early childcare, you grow up to have more opportunities in life. On average, though, parents spend between $6,500 and $15,000 per child for 1 year of childcare. That is eating up more and more of families' budgets. People can't afford this. What we know that people have done is negotiate. They talk to their employers, and those employers have often provided childcare as one of the elements of compensation. This is why unions are important.
Editor's note · Context
Discussing the importance of childcare and the care economy in relation to women's workforce participation.
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