My wife’s friend makes $100,000 as a nanny

[Anonymous]

Anonymous wrote:

Anonymous wrote:You seem like you've had your head buried in the sand. Taking care of small children is hard.

OP here. No one's saying taking care of kids is easy. But if I recall correctly, the median income for PhD holders nationwide is also around $100K, so it's crazy to me that someone with no training or experience can just wake up one day and start earning that. DCUM seems to live in a bubble where everyone is a $300K/year lawyer and doesn't realize that $100K is actually a hell of a lot of money.

It is my understanding that only experienced, educated nannies are making $100K.

And there are many difficult/tiring/dangerous jobs out there that pay north of six-figures. These jobs require little education. I.e. long-distance truck driver for Walmart or city garbageman.

[Anonymous]

Before I became a lawyer I made 150k with full benefits with an art degree from UMD. I promised to only speak to my charge in Mabadarin but otherwise no formal language instruction. The family didn't speak Chinese but the kid was fluent after 3 years. Now i hear the rate is 175-200

[Anonymous]

People who have fifteen years of full-time the experience with kids and are willing to care for a special needs child for 45 hours a week are in short supply. Caring for a kid like that is hard on your body and requires a ton of emotional stamina, if you’re doing a good job. I was great at it in my twenties, but now at age 40 I would take a 50K a year job before I’d do that again.

[Anonymous]

A lot of families have cameras on while they’re gone nowadays. As a nanny, you have to be “on” from the moment you step in the house to the moment you go home.

[Anonymous]

It certainly beats teacher salary

[Anonymous]

Anonymous wrote:People who have fifteen years of full-time the experience with kids and are willing to care for a special needs child for 45 hours a week are in short supply. Caring for a kid like that is hard on your body and requires a ton of emotional stamina, if you’re doing a good job. I was great at it in my twenties, but now at age 40 I would take a 50K a year job before I’d do that again.

The art degree is a big plus for early childhood education

[Anonymous]

Anonymous wrote:It certainly beats teacher salary

But lower job stability, can’t do it as long-term (physically) and no pension.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You seem like you've had your head buried in the sand. Taking care of small children is hard.

OP here. No one's saying taking care of kids is easy. But if I recall correctly, the median income for PhD holders nationwide is also around $100K, so it's crazy to me that someone with no training or experience can just wake up one day and start earning that. DCUM seems to live in a bubble where everyone is a $300K/year lawyer and doesn't realize that $100K is actually a hell of a lot of money.

More education does not guarantee a higher salary. Many CPAs with just a BS or a 1-year master’s degree make far more than English PhDs.

A job being hard doesn't guarantee higher wages either! Look at CNAs doing elder care and day care workers, whose jobs are certainly at least similar on difficulty. They don't make near poverty wages because their work isn't as hard or important. It's because the people paying them don't have as much money. The families who don't have an extra $100k to pay caregivers because that's most or all of THEIR household income aren't less virtuous or appreciative, they simply aren't wealthy.

I hate it sooooo much when people say "don't you think that job should be valued?!" as though that's actually how pay works anywhere.

[Anonymous]

Anonymous wrote:I really want to see OP take this job and see how he’s feeling after a month.

I don't need the job, thanks. I make $180K after 20 years of experience. But if you'd told me that was an option in my 20s, when I was struggling to get a foothold, I would have done it in a heartbeat.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I really want to see OP take this job and see how he’s feeling after a month.

I don't need the job, thanks. I make $180K after 20 years of experience. But if you'd told me that was an option in my 20s, when I was struggling to get a foothold, I would have done it in a heartbeat.

For a week.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I really want to see OP take this job and see how he’s feeling after a month.

I don't need the job, thanks. I make $180K after 20 years of experience. But if you'd told me that was an option in my 20s, when I was struggling to get a foothold, I would have
done it in a heartbeat.

Well, a) they don’t want inexperienced people in their twenties, and you’re clearly discounting the skill and effort it takes to be a good caregiver and b) you missed my point.

[Anonymous]

Anonymous wrote:It certainly beats teacher salary

I’m a teacher. I’ve thought about quitting to find a nanny position. My eyes are wide open. I’m sure it isn’t an easy job, but neither is teaching. I’m drawn to the idea I can make more money and I can still teach (in a way).

[Anonymous]

Definitely doable. Our last nanny was making $100k plus full benefits (sick, vacation, 401k match, health insurance). 3 kids who were when she started. 5, 8 and 8. This was 4 years ago. We are extremely HHI and net worth and she was phenomenal.

[Anonymous]

I question what percentage of nanny jobs pay more than $100K outside of VHCOL areas like NYC or parts of CA. I bet it is a small percentage simply because there is a small group of folks that earn enough to pay that much for childcare.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I really want to see OP take this job and see how he’s feeling after a month.

I don't need the job, thanks. I make $180K after 20 years of experience. But if you'd told me that was an option in my 20s, when I was struggling to get a foothold, I would have done it in a heartbeat.

Yeah, but no one would have hired you.