While the proponents claim the rule puts them “ahead of the curve” of child care policy, its an unbelievably destructive approach.
First, it’s terribly punitive to non-college educated workers, who may have years of experience in child care, but now have to obtain an expensive degree by 2020 in order to keep their job. Child care is important work, and its not easy, but it has also been a place where less affluent people, with less formal education, could find work. Washington is running them out of a job.
Second, its going to create incredibly high prices for child care. For single moms who have no other options, shrinking the labor pool for child care (and burdening those workers who stay with expensive student loans) is making an already painful expense much worse. Monthly child care costs in the District average $1,800/month, and this will only further inflate prices.
This is how a country like Venezuela, with loads of natural resources ends up with mass poverty. The unbridled arrogance of central planners ruins everything.