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> Why are you assuming a job that is presumably low skill has a high supply of people willing to sell their time to perform that low skill job? Because there’s
by setr 4y ago
> Why are you assuming a job that is presumably low skill has a high supply of people willing to sell their time to perform that low skill job?
Because there’s a low barrier to entry, people want money, and unless it were particularly horrible or life-threatening, if you’re going to find a high supply of labor anywhere, it’s going to be in a low-skill job?
> I have never heard anyone tell their child to aspire to become a daycare employee.
I have never heard anyone tell their child to aspire to become a McDonald’s employee, or a bank teller, or a pool cleaner, or a gardener, yet I seem to find quite a few of them.
It’s low-skill — you don’t need a 4-year degree and aspirations to get into it. You just need to want money, and have no better options.
> I would start with liability costs, it must be massive for a professional daycare facility given how emotionally invested people are with their kids
But that’d be the same with anything taking responsibility over handling kids — eg summer schools, camps, extra-carriculars, etc. I’m sure they have good margins (parents throw money at anything supporting children), but I don’t think they’re getting barraged by insurance premiums for it.
Legal ratios might help explain it, but that’s part of the “something is going on outside of labor supply/demand”.
- lotsofpulp 4y ago> It’s low-skill — you don’t need a 4-year degree and aspirations to get into it. You just need to want money, and have no better options. So there is your answer. People have better options. And prices for labor at the bottom have increased for almost all jobs at the bottom of the pay scale. Fast food, landscaper, bus driver, daycare worker, etc. The obvious cause would be a reduction in supply of labor willing to do the jobs at the bottom of the pay scale. I would expect the trend to continue as the labor force participation rate continues to decline, partially due to decades of lower and lower birthrates not offset by immigration and automation. https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.bls.gov/charts/employment-situation/civilian-lab...