Originally Posted by
doebedoe
The problem is the child care is a fundamentally broken market. That's not according to me, that's according to our US treasury department Paying staff more requires raising tuition which parents can't afford already. Less than 5% of child care facilities are more than 4% profitable. No one is getting rich and everything is shitty. It's needs to be moved into a model much more akin to K-12 education which isn't just about education -- it's about child care so parents can work. Look at every other developed country and you'll see the US at the very bottom of the list in social spending on child care. The American Family Plan starts moving in this way and would be a massive shift for younger families.
But what the fuck do I know. I don't have kids. I've just worked for 8 years in analytics at a state agency that regulates child care.
spot on. It's not a market where the consumer just needs to pay more. Because around here (or at least around here 6 years ago when my kid was in daycare), it was $1500/mo for one kid. Raise the price on that much, or have 2 kids, and paying that in order to work becomes a ridiculous proposition. But the daycare facility wasn't getting rich.
The whole market needs to change.
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