3 ms·
One of the big blockers is cost of daycare. Some countries but not the US subsidize daycare. Childcare is over 10% of median income in a lot of counties: https
by bobthepanda 3y ago
One of the big blockers is cost of daycare. Some countries but not the US subsidize daycare.
Childcare is over 10% of median income in a lot of counties: https://www.dol.gov/agencies/wb/topics/childcare/median-family-income-by-age-care-setting?_ga=2.81192023.1544990194.1693422547-227595342.1693422547 https://www.dol.gov/agencies/wb/topics/childcare/median-fami...
There is also a shortage of daycare places because it is a fairly low paying, high stress job.
Anecdotally I know some people who have quit their job because that is easier than arranging daycare.
- 8f2ab37a-ed6c 3y agoSorry, what is the connection between US housing regulation and the cost of daycare?
- bobthepanda 3y agoWhoops, I misread before my coffee and thought they were talking about capitalism generally. --- One critique of capitalism for housing, is that private housing doesn't get built in a bust cycle, or generally when it's no longer profitable to do so. The recent boom can be traced back largely to supply not recovering to pre-2007 levels, and the market being unable to make up for lost time. https://fred.stlouisfed.org/series/HOUST https://fred.stlouisfed.org/series/HOUST I am not aware of a housing market that is nearly all private that has built its way to affordability, short of massive economic collapse (e.g. '90s Japan) or some other catastrophic event.