Hannah, Tommy, Sean discussed on Tom and Curley
Experience to get yourself a mortgage. And I'm going to give Hannah and I keep saying that event more 100 bucks and give her mortgages. Well, all right. Mortgages for everybody. Sean, how's that mortgage working out? I got you. I love it. On that first mortgage and I couldn't have done better should feel interesting. Think Tommy doesn't have a house, but you just have more right. But he loves it. He loves it again. It's an albatross, like 30 years. He's looking at that, even at 30 30 years. I didn't mean it. I meant I said, 30 minutes 30 30 30 year one. All right, Here we go. The childcare crisis will distort the economy for a generation. Great story. Fascinating story couldn't really find any holes in it. Basically what happens is that women and men are both stuck at home. The guy the the guy starts to go backto work. You had a choice between the two. Let's say the man makes more money than a woman. Well, let's say they're about even The woman decides she's going to stay home to take care of the kids, and by doing that it pulls her out of the workforce for just how many years they say that it would affect Well, it could be. It could be 2 to 3. It could be up to five. It depends on how many kids you have, obviously, because that will double the stay. And it depends on how long you feel like he'd have kids. Usually once kids hit school like five years old once they hit kindergarten. Onda. First grade. They're on their way. So it's that first, you know, 234 years that air crucial and then what you see. Now, is this and begin these air just predictions that would could happen. Yes, if things continue as they are, And if women drop back to take care of the kids because of covert in, they're not going to school. Then they down the road will see their incomes being reduced in overall income by household Also being reduced. Yes, it's fascinating. So you might think. Okay, Well, if you and the reason this is a of such pertinence right now is that most cup 2/3 of couples. Both work. You know, a parents both work and then you obviously you have all the single parents. And so what's happening with the with the cove? It is. It's shutting down a lot of the child care setups, but it's also making it tough for both men and women at home to keep their jobs up. So what happens is one of them decides that well, you know what? I'll stay home and teach. The kids are in the work with the kids and you stay whichever one it is, And they said, you know, societal standards or whatever tend to still I think the woman the woman will do it. And they say in actual fact, it is the woman that often defaults to, But it's not just taking, say, $30,000 hit a year or I don't know how much you know. $45,000 or $60,000 hit for a couple three years. They say that it impacts The re entry, they said. There are a lot of off ramps for our jobs, You know, economy, but they're no on, you know on ramps. And so this is if a woman takes herself out of the job market for for 3 to 4 years. Then she will be on a downward to direct trajectory for the rest of her career, most likely because she's already kind of missed that elevator that's been going up, and so now she's on this different trajectory. And so you really have to add the that's could be like a 20 year, 30 year consequence for the parent. Who do you know who ends up trying to stay home? So the argument that this person is making because of that is We gotta look at childcare as something that government Khun do to help these parents both single parents, but also you know, Coco He called working co parents, I guess would be the idea. Shipped them off to government. Childcare. Yes, well, tio pay for that or to allow for that We can do one of two things that could make up. What the woman was. If the woman or the man decides to stay home, they could get reimbursed for that work. Or they wouldn't be allowed to be able to continue their work and make a lot more money and have have you give up in return You give up the love. On the experience of a young child needing you, but tooth Yes, yes, but it is and on. It is really a beauty of a young child who loves you fully and unconditionally at home. But see, you could stay home if the government would be willing to pay you for the job loss that you are putting up to pay for these kids, and the argument is, it's an interesting argument. We we were hell bent to say the airline industry and we spent billions to do that. So it wouldn't go under during the spend Emma crisis and yet we didn't do what we gave to a single airline. You know was Mohr than we gave to the entire childcare crisis in this country in these care packages or whatever you know, cares, packages the stuff the kind of financial bailouts that we were giving right and and this person's argument I can remember is a man or a woman. Is that we all value those years, those air crucial years they're going to impact not only the kid but also the economy. And then we ought to think about that. In fact, the most radical, then I'll let you took for John. The most radical ideas, he says. You know what? Maybe we ought to think about the educational process the opposite of what we do, like right now. We're trying to get kids into college. At least community college, though, for free, he says. Come on. You have an 18 year buildup for that. Why don't we help the parents work with the kids at that? You know those crucial 0 to 4 years That would be that might be of more value and then Because that's when it hits the parents the hardest, and that's when they're in their youngest years where they're beginning their career trajectory that that really might be a better, you know, infusion of money than farther down the line like high school and all that. In fact, he proposes. Imagine that what if high school was the thing that we're now trying to cover instead of childcare? Okay, well, if the if the parent decides wants to stay home, that's the parent's choice, decide to stay home. The parent wants to go to a send a kid to day care. Well, then your your choices are limited because it's either unbelievably expensive. Yeah, because they can charge a lot of money because people want to put their kids in good day care. Or you can get the government and unions in cahoots to be able to create all sorts of restrictions.