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Genuine question, is it possible childcare facilities are being extortionate, or is it generally a low margin industry? There are a lot of costs increasing tha
by ehnto 3y ago
Genuine question, is it possible childcare facilities are being extortionate, or is it generally a low margin industry?
There are a lot of costs increasing that exceed inflation and frankly, exceed fair value exchange, but many of us are caught between a rock and a hard place. Rent is a great example, cars are another. These things aren't true universally, and it seems other countries are able to provide higher quality of life and cheaper services. Are we just being fleeced, are companies expecting more than their fair share?
- silisili 3y agoSee other comment I'd made here. In my lifetime, 'daycare' on the whole has went from a favor or job for some teenager, to a viable profession. Today, strict regulations and cost of compliance and well, wages to pay the employees contribute to the exorbitant costs.
- TheSpiceIsLife 3y agoIt utterly absurd that childcare has become a certified industry. If any reasonable person were to take a look at the fossil record, they’d immediately be struck by the dearth certificate carrying mammals. Nay! Childcare qualifications are the trophy of evolutionary maladaption.
- FeloniousHam 3y agoNPR had a short piece on the "broken market" aspect: https://www.npr.org/2023/07/06/1186154271/why-parents-daycare-owners-and-daycare-workers-are-trapped-in-a-broken-market https://www.npr.org/2023/07/06/1186154271/why-parents-daycar...