Biden's plan to spend $775 billion on childcare and eldercare could create millions of jobs, study says

Apr 13, 2021 - Business Insider

Spending $775 billion on three different forms of care infrastructure - childcare, home healthcare, and residential care - could create 5.3 million jobs in 18 states over 10 years, a new study found.

The research, from Lenore Palladino at the Political Economy Research Institute at University of Massachusetts, Amherst, models a $775 billion investment in care infrastructure, something that President Joe Biden campaigned on. Currently, the Amer...