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.

Here comes all the HIDDEN ASK🤣🤣🤣🤣🤣

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

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet Form Bio, The Spinout From The Woolly Mammoth Company That Just Raised $150 MillionColossal Biosciences just raised $150M to bring back the woolly mammoth. Why are they doing it? The answer may surprise you: it's not to rival Jurassic Park, but actually to protect our planet from the rapid temperature rise. There are a few steps in between though.
Source: ForbesTech - 🏆 318. / 59 Read more »