The Leftist think tank, the Center For American Progress, reminds you that if you don’t farm out your kids and work, you’ll lose income.
To a Leftist think tank, it is good for parents to delegate childcare to others so they can work outside the home. And if such childcare is out of reach financially, then it is good to lobby for more federal welfare. But is childcare purely a financial allocation. Lots of men would probably have more disposable income to enjoy if they never marred at all but just used Tinder. Nevertheless, lots of men and women want to get married and have children. By expressing the issue in purely financial terms, the Leftist think tank is leading people to Leftist conclusions.
Gracy Olmstead writes in the Federalist, “Think Tank: Reconsider Caring For Your Kids Because Money Matters Most.”
What happens when you choose to stay at home and care for your children?
Some may argue that giving up a 9-to-5 job gives them ample opportunities to connect with their offspring and watch them grow. Even other parents might suggest that this time at home is beneficial not just to their children’s long-term happiness, but also to their own.
But not so the Center For American Progress. They’ve been crunching the numbers, and they want you to know that giving up your career to care for your children is a huge financial mistake:
While there’s plenty of data revealing how pricey childcare can be, there’s never been a way to calculate exactly how much potential income parents stand to lose over a lifetime if they choose to leave the workforce. Until now.
Enter Michael Madowitz, an economist at the Center for American Progress. He and his team at the CAP designed a calculator that shows you how much money you’ll be walking away from if you quit your job to save on childcare costs.
The calculator isn’t even accurate. But even if the economic loss was as bad as portrayed, it is still wrong.
But believe me, every time my daughter begs for me to pick her up, and plants a little kiss on my cheek, I’m not thinking “Man, I could be making thousands more dollars if you were off in daycare somewhere.” I’m usually thinking that I’d do it all over again in a heartbeat.
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