Be it smaller supply of higher qualified workers, larger burden on the public treasury, and - the misery of peoples and citizens - this is certainly a macro economic topic.
https://www.povertycenter.columbia.edu/news-internal/monthly…
“3.4 million more children in poverty in February 2022 than December 2021”
Ugh.
The link speaks of how an immediate further increase was seen after expanded child tax credits expired. Mind you it was too high before said credits-
So, if continued such policies are going to new a permanent normalized need in America - - eventually, there will have to be a huge readjustment that affects all of America.