Childcare is expensive because it is labor‑intensive, not because markets are malfunctioning. Labeling it a 'market failure' misdiagnoses the problem and invites subsidies that conflict with many families' preference for a parent at home.
— This reframing redirects family policy from propping up daycare supply toward restoring one‑income viability or cash supports that respect parental choice.
Oren Cass
2025.08.25
100% relevant
Cass cites WSJ case studies where nanny/daycare costs consume the entire post‑birth expense increase and argues price signals reflect true labor costs.
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