This would seem to indicate that many jobs are bullshit, wages are suppressed, or there is artificial scarcity in the day care business.
This would seem to indicate that many jobs are bullshit, wages are suppressed, or there is artificial scarcity in the day care business.
To my understanding talking to the ladies at the child-care center's. The center is required to not exceed x number of children per day/per hour. They can only hire people with the clearance to supervise children after getting their Certificate 3 in child care. Then the staff need to under-go skills/training on their time to improve working with children.
Then you have insurance for the workers, building and also the necessary security and fire drills to be conducted regularly and kept up-to-date.
You have over-time pay, inclusive of when parents are late to pick up the children from day care.
It’s a barrier, but so is a Masters in Education. My mother had one, as well 15+ years of classroom experience, and still found it less economically favorable to teach 25 kids vs. directly care for my brother.
Though I don't have the numbers with me but here in Australia Asian families out-source the raring of infant's and children to the grand-parents. Although talk to any Western family (especially baby boomers) they want nothing to do with raising grand-children.
One big factor is the number of convicted felons, ~10% for the general population and significantly higher for the un/underemployed, that's a huge amount of the potential workforce gone. Another win for the war on drugs.
That rent then usually gets pumped straight into the bottom line of some REIT or a millionaire's property portfolio.
Back when property taxes were higher, building rents were lower (because as you pointed out, supply usually meets demand) and those taxes helped pay for things like, well, childcare.... rather than yachts.
But sure, we have regulations that keep children safe too, and it's true that they impose a cost.
Speaking as a parent, I don't consider every Tom, Dick and Henrietta off the street as equivalent caretakers for my child. The pool of potential child care workers is much, much lower than "all of humanity".