Socialist Joe Biden Forces Tech Companies To Provide Daycare Options To Get CHIPS Act $$

[Nevilledog]

https://www.wonkette.com/socialist-joe-biden-forces-tech-companies-to-provide-daycare-options-to-get-chips-act

In a clever bit of regulation, the Biden administration announced this week that if chip manufacturing companies want in on the $39 billion in funding being made available to subsidize new factories through the CHIPS and Science Act, they'll need to provide a plan for making sure their employees have access to affordable, quality childcare — both for the construction workers who build the factories and for the folks who work in them. The Commerce Department will be publishing a new rule today to make that requirement official.

The idea is to create a domestic chip manufacturing industry that's not just good for the companies that make chips and need chips for manufacturing cars, appliances, and probably sex toys too, but also to make sure the tech workplace is friendly to women and working families. It's pretty nifty as industrial policy: You want to get some of the government funding, then you'll need to have policies consistent with Biden's goal of expanding the economy from the bottom up and the middle out, instead of just throwing taxpayer funds at billionaires and corporations, then hoping maybe they'll hire people.

As Axios explains, bullet points and all,

Companies who want to tap a slice of the $39 billion in funding set aside to build chip manufacturing plants will be required to submit a plan explaining how facility workers, as well as construction workers, will access child care, according to a presentation from the Commerce Department shared with Axios.

• The agency is agnostic on how companies get this done. They could build company-run onsite facilities, or outsource to a vendor. Companies could sponsor care directly or provide vouchers, discounts or cash.

• They'd need to understand what kind of care is actually available in the region, amid a nationwide shortage with a lot of regional variation.

As the New York Times explains, "Companies that receive the subsidies to build new plants will be able to use some of the government money to meet the new child care requirement," although the feds wouldn't mandate what kind of daycare solution companies choose. (Presumably, there'll be some requirement to prove that money allocated for childcare goes to it, not to an executive gym with a sign saying "changing tables" on the door.)

*snip*

[Diamond_Dog]

1. I like it.

[republianmushroom]

2. like it

[MichMan]

3. I asked on another post, if this applied to the entire corporation or just the new facility.

Would Intel for instance be required to provide child care to all 121k employees, even if only a fraction were employed at a new facility built with CHIP subsidies?

Wonder how "affordable" will be defined ? $1 per day?

[WarGamer]

4. I know how corporations roll...

Any costs or burdens placed on the bottom line of the corporation will all be categorized of "cost of goods and labor" and be part of the pricing structure.

I wonder how the CHIP (Made in the USA) prices will fare next to identical Intel chips made in, let's say... Malaysia.