Anonymous wrote:
Anonymous wrote:It won’t surprise anyone to know that staff is criminally underpaid.
This is what happens when private equity takes over human services sectors like nursing homes and child care. They charge a ton of money but it goes to enrich wealthy people, not pay teachers. Most child care centers pay really low wages but not all of them charge quite as much as the big chains.
https://newrepublic.com/article/168322/child-care-daycare-private-equity-for-profit
The chains make few pretenses about their positions. Bright Horizons said in its SEC filing last year, “our continued profitability depends on our ability to pass on our increased costs, such as labor and related costs, to our customers,” and changes to the system that create lower-cost options “could place downward pressure on the tuition and fees we charge, which could adversely affect our revenues.” Nor are chains focused on ensuring broad access for families. While schools and fire departments are in every community, these chains’ geographic decisions have little to do with need. As the Learning Experience’s CEO Richard Weissman said in an interview, that is instead “an economic question ... can we afford the cost of real estate in comparison to the tuitions we can charge?”