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"Right now we have no choice": America's child care sticker shock

Parents looking to return to the job market may find child care options have gotten pricier — and that's if they can enroll their kids at all.

Why it matters: The fate of the recovery partially relies on the return of parents who left the workforce to care for their children.


  • Federal Reserve Chair Jerome Powell told lawmakers on Tuesday the lack of participation by caretakers is holding back the labor market.

What to watch: An index that tracks day care and preschool costs has shot well above its pre-pandemic level. Its biggest monthly increase in two years happened last month.

  • Child care costs have been growing twice as fast as inflation since 2000, says Rasheed Malik, a policy analyst at the Center for American Progress.

Flashback: At the onset of the pandemic, massive under-enrollment helped push 1 in 10 child care centers to close permanently, Malik says.

What's happening: Higher costs for things like gloves for changing diapers and food for meals are getting passed on to families.

  • "Right now we have no choice but to go back to the paying parents [with price hikes] — those that don't qualify for any subsidy or child care assistance," says the National Childcare Association's Cindy Lehnhoff.

Another cost stems from the issue plaguing other low-wage industries: worker shortages. Child care centers are upping pay — by an average of $2 per hour — to lure back the exodus of child care workers, says Lehnhoff.

  • Staff shortages mean fewer slots for children, making a pre-pandemic problem even worse.

What to watch: The child care industry got over $50 billion in pandemic-era relief — with the biggest chunk set to be disbursed by states in coming months.

U.S. women's soccer team loses to Canada, ending chances at gold

The U.S. women's soccer team lost 1-0 to eighth-ranked Canada in the Olympics semifinals on Monday, ending its chances at winning a gold medal in Tokyo.

Why it matters: The loss marks the second straight Olympics the U.S. team will not play in the gold medal match. The team was knocked out by Sweden in the quarterfinals during the Rio Games in 2016.

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Reading the tea leaves ahead of Boston's historic mayoral race

For the first time in history, a white man is not in serious contention to be the next mayor of Boston, a city with a checkered racial history.

Why it matters: The face of Democratic Party politics has changed, with more women and people of color running and winning races. As high-profile races like Boston's — and New York's — attract multiple people of color in a primary, some candidates say that allows for more ideological diversity, as well.

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Rising gasoline prices signal trouble for climate change action

Cutting oil production before we cut our demand for oil could undermine much of the progress that needs to be made on climate change.

Why it matters: If companies cut back on producing oil but consumers don’t cut back on consuming it, demand will exceed supply and prices will shoot up. That’s bad for our pocketbooks and risks the transition to cleaner energy.

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Elite trans athletes decry youth sports bans

TOKYO — While transgender inclusion in elite sports presents some challenging issues, bans on participation in youth sports are simply about hate and cruelty, several top trans athletes told Axios this week.

The big picture: Lawmakers in more than half of the states have considered such bans, and they have been signed into law in at least eight states, though legal challenges remain.

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The case for global warming realism, rather than panic

It’s getting harder and harder to communicate the two essential realities of human-caused climate change: that our failure to slow and eventually stop it is contributing to devastating human suffering all over the world, and that it’s not too late to act.

The big picture: Experts have long told climate communicators —including scientists, journalists and politicians — that disaster porn immobilizes people, leaving them cowering in a corner. You've got to give them a sense of hope, the research shows.

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Simone Biles will compete in her final Olympic event

Simone Biles will compete in the Olympic individual balance beam final, her last event of the Tokyo Games, USA Gymnastics announced Monday.

What's happening: "We are so excited to confirm that you will see two U.S. athletes in the balance beam final tomorrow — Suni Lee AND Simone Biles!! Can’t wait to watch you both!" USA Gymnastics tweeted.

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In photos: Tokyo Olympics day 10 highlights

Day 10 of the Tokyo Olympic Games saw Puerto Rico bag its first-ever track gold medal when Jasmine Camacho-Quinn beat American world record holder Kendra Harrison to win the women’s 100-meter hurdles Monday.

The big picture: There was better news for Team USA in the basketball, where the women's national team beat France 93-82 — meaning the Americans are entering the medal round undefeated as they go for yet another gold, Axios' Ina Fried reports from Tokyo. France still advanced to the quarterfinals as well.

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Belarus sprinter who sought refuge in Tokyo "safe" with Japanese authorities, IOC says

Belarus' Olympian Krystsina Tsimanouskaya, who's refusing orders to return home, is in the care of Japanese authorities and the UN refugee agency is now involved in her case, an International Olympic Committee official told reporters Monday.

Driving the news: The sprinter said she wouldn't obey orders and board a flight home after being taken to Tokyo's s Haneda airport by team officials Sunday following her criticism of Belarusian coaches, per Reuters. She spent the night in an airport hotel.

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