(Replying to PARENT post)
Sounds like it's an industry that should be provided as a public service then (or at least subsidized), not something that a free market can sustain.
https://www.nytimes.com/2021/10/06/upshot/child-care-biden.h...
๐คRafuino๐2y๐ผ0๐จ๏ธ0
(Replying to PARENT post)
Who is down-voting a simple description of the economic phenomenon that plagues the industry, a description noting that it doesn't work for anyone?
๐คblactuary๐2y๐ผ0๐จ๏ธ0
(Replying to PARENT post)
> Baumol's cost disease.
I don't think wages in the childcare industry are increasing noticeable relative to wages in other sectors. As a person mentioned elsewhere, other factors such as rental prices and insurance probably add more to the cost than wages.
๐คanonymouskimmer๐2y๐ผ0๐จ๏ธ0
(Replying to PARENT post)