This weeks column for 24Hrs Vancouver: “Spending money on day care better than on ads”
Columnists Laila Yuile and Kathryn Marshall battle over the issues of the day. Winner of the last duel on the provincial deficit was Kathryn Marshall with 55%.
This week’s topic:
Should B.C. bring in $10-per-day child care?
While Kathryn makes a good point about the issues Quebec’s day-care program is dealing with, B.C. advocates have learned what works and what doesn’t, paving the way for a better program here. Unfortunately, Kathryn missed the bigger picture completely.
The $10-per-day plan, proposed by the Coalition of Child Care Advocates in B.C., is not just about providing accessible and safe child care for parents, it’s about investing in the future and our economy. In fact, the plan has been soundly endorsed by businesses across the province, including the Burnaby and Surrey Boards of Trade, who say work-life conflicts with employees with preschool-aged children are costing B.C. businesses approximately $600 million a year.
It’s not only the business community that recognizes the economic and social benefits of this plan, leading economists do as well. Craig Alexander, chief economist for TD Bank and one of the top bank economists in Canada, states that for every dollar a government invests in child care, the return is between $1.50 and $3. Canadian economist Pierre Fortin has also shown that in Quebec, the program now pays for itself…
Read the rest of this column, and vote for who you think should win the debate at http://vancouver.24hrs.ca/2013/03/24/spending-money-on-day-care-better-than-on-ads