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Counter to Freakononics, my friend’s daycare in SF right now charges parents $2/minute for being late. So it seems to work for them. (Or it works because the co
by wanderingstan 1y ago
Counter to Freakononics, my friend’s daycare in SF right now charges parents $2/minute for being late. So it seems to work for them. (Or it works because the cost is relatively high?)
- gizzlon 1y agoDid they get fewer late pickups? Or do they just make more money?
- bell-cot 1y agoAny reason to think their baseline is making money? The arithmetic of daycare - market-minimum hourly pay for the workers, vs. legal minimum per-child staffing levels, vs. tight parental budgets - is damned ruthless.
- johnnyanmac 1y agoYeah I'm not sure if $2/minute even covers the potential overtime of a caretaker needing to stay later.
- bell-cot 1y agoUnless it's some "Mrs. Smith's In-home Childcare" deal, it ain't a carer staying late at $2/minute - it's randomly keeping a business open, at $120/hour. With (good bet) a mandated-minimum staff of 2+. At SF wages. Plus the extra staff churn that randomly having to stay late causes. Parents wanting ever-so-forgiving cheap daycare need to move an idle grandma into town.
- p3rls 1y agoLol, counter to freaknomics, the truth(tm)