Affordable child care allows parents to join the workforce or stay in a career at a crucial times. Families with affordable child care earn more and are better able to make choices for their families.
While announcing her plan Monday, Notley called child care the “Medicare of the 21st Century.”
The announcement builds on a successful Alberta’s affordable child care pilot project brought in by Notley two years ago. It also addresses one of the biggest gaps in Alberta’s economy.
Alberta has the largest gender gap in Canada when it comes to workforce participation, a key measure of economic growth. Other Canadian jurisdictions that have invested in affordable child care have seen increases to employment and productivity.
Estimates show that $25-a-day child care would increase employment by 43,000 people and add nearly $6 billion a year to our GDP. The Conference Board of Canada has said that every dollar invested in child care gets a $2 return.
Notley’s plan will stagger a $1.5 billion investment over the next five years to ensure families across Alberta pay $25 per day. The plan would also address wait times by adding 13,000 new spaces to the existing 62,000 spaces in the province.
“Child care is a key to unlocking Alberta’s economic potential,” said Notley. “In a changing global economy, Albertans need to be able to make the best choices for their families.”