⚕️ Mental Health Spending Not On Par With Overall Spending. More US Childcare Workers. Company AI Usage Priorities.
Chart of the Day #403 looks at US Childcare Workers, NHS Spending on Mental Health Compared to Overall Spending, and AI Usage Priorities of Companies.
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South Carolina invests $10M to combat physician shortage across the state. New career and technical education center at John A. Logan college to expand automotive and EV training. GE Vernova invests $25M+ in Veresegyház turbine facility to enhance Hungary’s energy manufacturing capacity. Infosys to hire 20,000 graduates in 2025 as AI-focused workforce development ramps up.
American University of Bahrain signed an MoU with Cisco to enhance technical education. ARC pledges A$62m for training and research hubs. Stride partners with two New Mexico districts to operate K12‑powered online school for 3,000+ students.
Today's Topics
💼 Workforce. More workers in US childcare in a post-pandemic rebound
⚕️ Healthcare. NHS spending on mental health isn’t on par with overall spending levels
🤖 Artificial Intelligence. Different AI using companies prioritize cost reduction and revenue growth
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💼 More Workers in US Childcare in a Post-Pandemic Rebound
Childcare employment rebounded to 1.06 million in 2023 and 2024, recovering from a steep pandemic drop in 2020 when numbers fell to 720,033. The trend highlights a renewed demand for early childhood support as more parents return to work, amid rising childcare costs. Rising enrolments in early education programs and workforce gaps are drawing attention to staffing challenges. The US Department of Health and Human Services is addressing this with expanded funding under the Child Care Development Block Grant.
⚕️ NHS Spending on Mental Health Isn’t on Par With Overall Spending Levels
Mental health spending as a share of NHS England’s total budget grew from 12.5% to just 13.8%, a rise of only 1.3 percentage points over five years. This modest growth falls short of matching the sharp rise in demand, particularly among children and young people. Despite rising demand, funding priorities have continued to lean toward acute care, leaving mental health services under-resourced. While the NHS Long Term Plan (2019) pledged parity of esteem between mental and physical health, progress remains hindered by chronic underinvestment in mental health.
🤖 Different AI Using Companies Prioritize Cost Reduction and Revenue Growth
In 2024, over half of emerging AI users' budgets went to cost reduction, while leading users showed a more balanced split, with a larger share directed toward revenue growth. Organizations with more AI experience shift from saving money to using AI for growth. This matches global trends, with industries like retail and finance using AI to create new products and services. The US CHIPS and Science Act supports this shift by funding AI research and development.
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