Analysis: How Biden plans to add $600 billion to the U.S. ‘care economy’

 Analysis: How Biden plans to add $600 billion to the U.S. ‘care economy’

A resident of King David Center for Nursing and Rehabilitation, a long term care nursing home, paints during a Christmas class during the coronavirus disease (COVID-19) pandemic in Brooklyn’s Bath Beach neighbourhood in New York City, U.S. December 25, 2020. REUTERS/Yuki Iwamura

President Joe Biden’s $4 trillion plan to rebuild the U.S. economy aims a flood of cash at something millions of women in America do for low pay or no pay at all: taking care of other people.

Biden’s “American Jobs Plan” would boost an existing government program with $400 billion more over a decade, to give more elderly and disabled people basic care they need, while his “American Families Plan” creates free universal ‘pre-Kindergarten’ and adds other childcare to the tune of $200 billion.

The White House’s team of economists and economic advisers, many of them women, argue that this influx of government cash is essential to fix and grow the U.S. economy. It…

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