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The workforce participation rate is at an all time low. There are ~5 million fewer people looking for work than in 2019. This is like saying that there is no h
by missedthecue 5y ago
The workforce participation rate is at an all time low. There are ~5 million fewer people looking for work than in 2019.
This is like saying that there is no housing shortage, just a shortage of people willing to pay a fair price.
- thehappypm 5y agoThis is hugely due to (mostly) women leaving the workforce to take over childcare due to closed schools.
- missedthecue 5y agoThen that sounds like a shortage to me. Raising wages isn't going to make the kids disappear.
- painfulpox 5y agoRaising wages will make daycare a financially reasonable decision again.
- markkanof 5y agoWouldn't the wages for daycare workers need to be raised as well?
- missedthecue 5y agoSo I just looked it up. Unless you make $4.75 an hour or less, you're coming out ahead working and putting your child in daycare. I'm in a ~1 million population US city. $4.75 is half the state minimum wage, and a fraction of what anywhere near me is starting people out at. No one pays minimum wage any more. Target is paying $15/hr to stock shelves.
- thehappypm 5y agoHow does this work out? Most daycares have a legally required low ratio of staff-to-babies (like 3:1 or so). So just on wages alone you need 1/3 the minimum wage per baby. Add in all the overhead and the fact that maybe you don't want your daycare staff making the absolute minimum wage to watch your children..