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I worked with a daycare on a building project, and I saw how amazingly expensive childcare is. The teachers are paid what many would consider to be barely a liv
by hrunt 4y ago
I worked with a daycare on a building project, and I saw how amazingly expensive childcare is. The teachers are paid what many would consider to be barely a living wage, but property costs and especially insurance were substantial. The owners did it our of their love of doing it, not because because of typical financial goals.
Yes, they could raise their rates, but if they did, many parents would have had to go elsewhere. It was a balancing act to charge enough for the quality they wanted to provide while also being able to be affordable for the community they served. Most teachers were younger, and did not last very long (two years at most).