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EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS

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In this paper, we also build on existing research by quantifying the impact that the ECE industry hason California’s economy in terms of parents’ purchasing power, economic output, jobs, and tax rev-enue. We found that parents who rely on paid ECE services have purchasing power of $26.4 billion,based on their annual earnings. We also found that every dollar spent on the ECE industry yields twodollars in economic output for the entire California economy. This is because ECE spending createsdemand for suppliers and at the businesses where ECE workers and their families shop. Spending onECE supports nearly 200,000 jobs, both direct...
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EXECUTIVE OFFICE OF THE PRESIDENT COUNCIL OF ECONOMIC ADVISERS

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