WEBVTT 1 00:00:00.000 --> 00:00:04.600 The US will lose $290 billion a year in GDP 2 00:00:04.800 --> 00:00:08.360 if it doesn't fix the care economy, the ecosystem 3 00:00:08.440 --> 00:00:11.440 that supports the young, old, and sick. 4 00:00:11.680 --> 00:00:14.640 My name is Neeru Ravi, 5 00:00:14.640 --> 00:00:17.640 and this is my Impact in Sixty. 6 00:00:18.280 --> 00:00:21.280 There aren't enough paid care workers, and people 7 00:00:21.280 --> 00:00:25.160 who have to stay home to care for family are quitting their jobs, 8 00:00:25.160 --> 00:00:28.480 or not entering the workforce in the first place. 9 00:00:28.920 --> 00:00:33.720 BCG quantified the care economy for the first time at up 10 00:00:33.720 --> 00:00:38.640 to $6 trillion and then estimated the effect of its dysfunction. 11 00:00:38.760 --> 00:00:42.360 Understanding that hit to GDP is having an impact. 12 00:00:42.520 --> 00:00:46.040 The White House cited our work when President Joe Biden 13 00:00:46.200 --> 00:00:49.960 recently signed an executive order aimed at broadening access 14 00:00:49.960 --> 00:00:51.520 to care in the US. 15 00:00:51.520 --> 00:00:55.240 The issue should be high on the CEO agenda as well. 16 00:00:55.360 --> 00:00:59.240 Getting this right will be vital to economic prosperity 17 00:00:59.480 --> 00:01:01.280 and societal well-being, 18 00:01:01.600 --> 00:01:04.519 and that's my impact in 60.