Cast in America as a pay-to-play system with limited public funding, child care has long struggled with issues like difficult budgetary math, low educator pay, and highly variable quality. An unprecedented degree of investor activity is creating a cascade of risks for the sector, risks which threaten the path toward an inclusive child care system which works well for all children, parents, and early educators.
Special Investigation: “The End User Is a Dollar Sign, It’s Not a Child”: How Private Equity and Shareholders Are Reshaping American Child Care
Over the past two years, there have been more and more stories arising about the role of investors, especially private equity firms, in child care. Given Early Learning Nation’s mission to illuminate “journalism from, and for, the early learning field,” we eagerly agreed when Elliot Haspel approached us about doing a long-form look at investor-backed child care chains.
Elliot is a well-known child care policy expert and author, as well as a freelance journalist and opinion writer who has published stories with The Atlantic, The New York Times, and The Washington Post (among others), and a longtime ELN contributor and columnist. For this story, he employed investigative journalism techniques to provide a deep look into the workings and implications of growing investor and private equity influence.
More from Elliot Haspel on investors' impact on child care in America:
"As Private Equity’s Role in Child Care Increases, Concerns Arise," by Aaron Loewenberg at New America, 5/6/2024
Follow Elliot's ongoing work:
Elliot's Provocations, his monthly column here at Early Learning Nation magazine