Saturday, August 8, 2020
From Yahoo! Money:
According to an analysis by Goldman Sachs, child care needs have prevented many parents from working.
School closures indirectly weigh on employment and productivity by increasing child care needs, which Goldman found caused a large increase in worker absences. “Single parents, workers that cannot work from home, and parents with young children are more at risk of not working due to child care needs. We estimate that roughly 24mn workers, or 15% of the labor force, are in at least two of these three situations,” the report said.
Read more here.