U.S. Commerce to ask companies seeking chips funding to provide childcare for employees

Nobel laureate Joseph Stiglitz said on Twitter lack of childcare is a significant barrier to labor force participation. "Worker scarcity is a significant challenge in our economy, especially in high-tech industries. The provision that companies receiving CHIPS money provide childcare for workers is an important component."

The department on Tuesday will outline other factors it will consider in making awards. The law prohibits applicants from using government funds for dividends or stock buy backs. Last week, Commerce Secretary Gina Raimondo said the funding will create hundreds of thousands of good jobs.

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Well that’s easy. Put them to work making semiconductors. Their tiny little hands are perfect for the job.

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