Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Preschool and Daycare Discussion
Reply to "DMV Bright Horizons cost?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]It won’t surprise anyone to know that staff is criminally underpaid. [/quote] 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 [quote]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?”[/quote] [/quote] Someone I know well worked there pre-Covid. Barely made minimum wage. The large majority of the staff had little education and were paid dirt. They needed food stamps to feed their families. Covid was the best thing that happened to them. Those who were smart enough jumped at the chance to double their income (or more) through unemployment and never looked back. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics