Washington Business Winter 2020 | Washington Business | Página 47

business backgrounder | economy Washington’s Child Care Crisis A lack of access to affordable, high-quality child care is costing employers billions. Jason Hagey AWB, together with several partner organizations, released a report last fall showing the financial toll that Washington’s lack of child care is taking on employers and the economy. The lack of access to affordable, high-quality child care isn’t just a problem for families. A report released last fall found that it’s costing Washington businesses more than $2 billion per year in employee turnover or missed work, and the total cost to the state economy tops more than $6.5 billion per year. The report, “The Mounting Costs of Child Care: Impacts of child care affordability and access to Washington’s employers and economy,” was produced in partnership with the Association of Washington Business Institute, Child Care Aware of Washington, Children’s Alliance, Department of Commerce, and the U.S. Chamber of Commerce Foundation. The report was based on a survey of 400 Washington households with children under the age of 6. Elway Research Inc. conducted the survey and experts from the Eastern Washington University Institute of Public Policy and Economic Analysis calculated the economic impacts based on the responses. The findings confirm what many families already know: Finding high-quality child care is difficult, and when it is available it’s expensive. For a typical single parent, the report found more than half of their income would go toward child care expenses. At A Glance The report was based on a survey of 400 Washington households with children under the age of 6. It found that a lack of affordable child care is causing people to leave jobs, not accept jobs or forego education opportunities. winter 2020 47