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Child care at least has an intrinsic value that will create wage equilibrium because it directly frees up someone else's time for high value labor. It should t
by junkcollector 9y ago
Child care at least has an intrinsic value that will create wage equilibrium because it directly frees up someone else's time for high value labor. It should track closely to the income of the people you are serving, and it mostly does even in the US. This is ignoring the educational and social benefits that good childcare services can create which act as a future labor multiplier.