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5 This is a crushing loss to families and communities that are still reeling from the pandemic-induced economic collapse. This report estimates that if conditions for families do not improve-and if the levels of maternal labor force participation and work hours experienced during the April 2020 first-wave peak of infections and COVID-19 lockdowns persist long term-lost wages would amount to $64.5 billion per year. The losses in child care and school supervision hours as a result of the pandemic could lead to a significant decline in women’s total wages. 4 This will have a significant negative effect on women’s employment and labor force participation rates, which will in turn have a negative effect not only on both current and future earnings but also on retirement security and gender equity in workplaces and homes. 3 Mothers of color will be the most affected.
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Mothers will continue to shoulder the majority of family caregiving responsibilities, as they have both historically and thus far in the pandemic. Yet the lack of a child care infrastructure or family-forward workplace policies-policies that support caregivers to both provide and care for their family members-means the challenges of this moment are leading the United States toward a catastrophe. Unfortunately, too many unknowns make it impossible to predict exactly how families will react to the ever-shifting landscape of public health, employment, and caregiving. economy? And extrapolating from those data, what are the possible implications for long-term gender equity and the well-being of women and families?
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This report aims to give quantified answers to two questions: What might be the impact of the pandemic-induced reduction in child care options on women’s employment and the U.S.