WEBVTT 1 00:00:00.180 --> 00:00:03.480 The care economy is the vast ecosystem where families, 2 00:00:03.480 --> 00:00:06.510 employers, and institutions come together to support 3 00:00:06.510 --> 00:00:09.150 the young, the old, and the sick. 4 00:00:09.150 --> 00:00:12.360 The fault lines in the US care economy have worsened, 5 00:00:12.360 --> 00:00:15.480 exposing a fundamental mismatch in supply and demand 6 00:00:15.480 --> 00:00:17.310 for care services. 7 00:00:17.310 --> 00:00:20.070 BCG has been exploring the challenges facing 8 00:00:20.070 --> 00:00:22.260 this $6 trillion industry, 9 00:00:22.260 --> 00:00:25.140 and forecasts that if the care economy is not fixed, 10 00:00:25.140 --> 00:00:28.170 then in the year 2030, the US economy could lose 11 00:00:28.170 --> 00:00:30.900 $290 billion in GDP. 12 00:00:30.900 --> 00:00:32.970 Addressing the care problem in the US now 13 00:00:32.970 --> 00:00:36.120 isn't just good business, it's necessary business. 14 00:00:36.120 --> 00:00:38.703 (upbeat music)