Document Type
Report
Publication Date
11-18-2024
First page number:
1
Last page number:
30
Abstract
National policymakers increasingly recognize the care economy as an essential economic driver, contributing $648 billion annually to the U.S. economy and supporting 3.6 million jobs. The care economy is also critical in driving economic development and prosperity in Southern Nevada. Yet, as this Tripp Umbach analysis finds, Southern Nevada’s care economy dramatically underperforms compared to national benchmarks and peer regions. High caregiving costs and limited access to care for children, seniors, and individuals with disabilities in Southern Nevada strain families, businesses, and public resources. This burden reduces workforce participation, productivity, and economic growth. Low pay and high turnover among care workers further escalate costs for employers, while unaffordable child or elder care forces many people to leave the workforce for unpaid caregiving roles, hindering regional economic resilience and sustainability. Addressing these issues in the care economy is vital to unlocking Southern Nevada’s full economic and social potential.
Keywords
Child care; Elder care; Workforce; Economy; Caregiver
Disciplines
Health and Medical Administration | Health Economics | Health Policy | Health Services Administration | Public Affairs | Social Welfare
File Format
File Size
4.1 MB
Language
English
Repository Citation
Tripp Umbach
(2024).
The Southern Nevada Care Economy: Challenges and Opportunities.
1-30.
Available at:
https://digitalscholarship.unlv.edu/lincy_policybriefs_reports/16
Executive Summary
Included in
Health and Medical Administration Commons, Health Economics Commons, Health Policy Commons, Health Services Administration Commons, Public Affairs Commons, Social Welfare Commons