I think it would be much better to provide a one year paid stipend so that a parent can be home with the children during their tender years.
This entire structure is set up to keep the boss happy while a stranger raises your child during their most formative and vulnerable years.
It's extremely sad, but a consistent finding in early childhood education is that the children who thrive most in daycares tend to come from the least advantaged backgrounds.
So a policy of paying parents to stay home would mostly benefit kids who are already well off.
So the children that do well in daycare comes from poor homes? So kids from rich home don't do well in daycare?
Every interaction I've ever had says the opposite. The disruptive bully at school usually comes from a broken home.