Does Government Afford to Spend Their Budget for Providing Child Care to the Working Parents?
Question by : Does government afford to spend their budget for providing child care to the working parents?
I have two question.
First,does government afford to spend their budget for providing child daycare to the working parents? If they can provide, it is great but they have to consider about budget carefully. Then, how do you think about government’s budget? Can they provide child care? Please answer me with detail. If you will answer about certain state government, please let me know what state you are taking about too.
Second question is to people who are working parents. What kind of convenience are you feeling from child daycare? Please tell me the answer with detail.
If you can reply to my question asap, I like it. Please answer me whatever you thought to my question. Thank you very much!
Best answer:
Answer by capixaba
As an accountant, I can assure you that society saves itself both money and harm when it pays for universal child care. People often see only the direct expenditure for the cost of day care, but they are not fully informed about the opportunity costs. Opportunity costs are costs society pays when it elects to pursue a particular policy.
The following is the cost for failure by society to ensure the proper care and education of one youth:
DESCRIPTIONCOST; The Monetary Value of Saving a High-Risk Youth
Crime:
Juvenile Career (4years @ 1-4 crimes/year)
Victim Costs $ 62,000 – $ 250,000
Criminal Justice Costs $ 21,000 – $ 84,000
Adult Career ( 6 years @ 10.6 crimes /year)
Victim Costs $ 1,000,000
Criminal Justice Costs $ 335,000
Offender Productivity Costs $ 64,000
Total Crime Cost $ 1.5 – $ 1.8 Million
Present Value* $ 1.3 – $ 1.5 Million
Drug Abuse:
Resources Devoted to Drug Market $ 84,000 – $ 168,000
Reduced Productivity Costs $ 27,600
Drug Treatment Costs $ 10,200
Medical Treatment of Drug Related Illness $ 11,000
Premature Death $ 31,800 – $ 223,000
Criminal Justice Costs Associated with Drug Crimes $ 40,500
Total Drug Abuse Costs $ 200,000 – $ 480,000
Present Value* $ 150,000 – 360,000
Costs Imposed by High School Dropout
Lost Wage Productivity $ 300,000
Fringe Benefits $ 75,000
Nonmarket Losses $ 95,000 – $ 375,000
Total Dropout Cost $ 470,000 – $ 750,000
Present Value* $ 243,000 – $ 388,000
Total Loss $ 2.2 – $ 3 Million
Present Value* $ 1.7 – $ 2.3 Million
-*Present Value is the amount of money that would have to be invested Today in order to cover the future costs of the youth’s behavior.
Source: National Center for Juvenile Justice, an adaptation of Cohen’s “The Monetary Value of Saving a High-Risk Youth,” Journal of Quantitative Criminology, 14 (I), reprinted from Juvenile Offenders and Victims: 199 National Report (Pittsburgh, PA: National Center for Juvenile Justice, 1999), p. 82.
Some $ 2,000,000 x (say) 10,000,000 youths at risk comes to about $ 20 trillion over 25 years, or some $ 800 billion per year, once inflation is factored in.
Child care is much cheaper.
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