Why Early Childhood Matters
A Solid Foundation
A fragile start impacts a child long term. Toxic stress and early trauma on the brain can greatly affect the healthy development needed for social and other skills like the ability to concentrate, impulse control, expressing emotions, relationship-building and the ability to positively participate in and
While a healthy early start builds a strong workforce for tomorrow, businesses in Alaska need a strong and competitive workforce today in order to thrive. Research shows the most efficient way to boost productivity and create overall workforce success over the next few decades is to invest in early care and education.
The Child Care Action Campaign (CCAC) recently found that U.S. companies lose $3 billion annually as a consequence of child care related absences. Many parents miss work because of issues surrounding early childhood education program access, causing the business to suffer productivity loss. Issues of high-quality early care and education take time to resolve, and that time is most often during the work day.
To combat this issue, some companies have instituted on-site programs designed to fill family short and long-term needs.
Nearly 90,000 children under 13 years of age are potentially in need of early care and education services in Alaska. Therefore, investment in the early care and education industry plays a critical role in the state’s economy.
- 1 in 6 of Alaska’s workforce with access to early care and education.
- A stable resident workforce that earns $2 billion in annual wages $512 million in economic activity annually.
- Economic benefits that far exceed costs
Pay Now or Pay Later
In 2015, a Vera Institute of Justice study found that the annual cost of an incarcerated prisoner to taxpayers was nearly $32,000 per inmate. Conversely, the average cost to taxpayers for a public school student was $10,600. Preschool in Alaska costs roughly $7,000.
Early care and education services create savings by government and society from reduction in crime, delinquency, reliance on welfare, lost wages, and health care treatment.
In national research, the Child Care Action Campaign found that for every $1 invested in high-quality early care and education, communities saved between $4 and $17 in future costs of remedial and special education, the juvenile crime system and welfare support.
Children who attend a high-quality early care and education program early in life have a strong foundation of cognitive and social skills, preparing them for school and making them more likely to graduate, attend college, contribute to the workforce, achieve higher earnings, and refrain from criminal activities.
Early care and education programs have been shown to have substantial benefits in reducing crime, raising earnings, promoting education and strengthening long term health. According to a recent Heckman Health Study points to evidence that high-quality early care and education and increased employment can reduce the incidence of costly chronic diseases such as hypertension, heart disease, diabetes and obesity.
Trust the facts – investing in early care and education provides children with a solid foundation to succeed. When we all invest early care and education, Alaskans can reap the benefits.