I can't agree with much of anything in that video. The question is immediately reframed as a strawman ("childcare is not work"), but that's not at all what I'm saying.

My household absolutely derives value from my wife's labor. What is impacted here is earning potential; if my wife were to need to seek employment outside the home in order to earn income, her income would be substantially less than it would have been if she had been gaining relevant experience during this time in our lives.