"Going Rate" BS

[Anonymous]

I’ve never even heard anything as asinine as that there is no going rate. All goods and services have a going rate along with outliers and exceptions.

[Anonymous]

Anonymous wrote:$15/hr is barely a livable wage.

Agree. No one can realistically support themselves on that in this area.

[Anonymous]

Anonymous wrote:I’ve never even heard anything as asinine as that there is no going rate. All goods and services have a going rate along with outliers and exceptions.

What's the going rate for a lawyer, doctor or landscaper?

Surely, you understand now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’ve never even heard anything as asinine as that there is no going rate. All goods and services have a going rate along with outliers and exceptions.

What's the going rate for a lawyer, doctor or landscaper?

Surely, you understand now.

Are you kidding? Law has extremely standardized wages. Ever seen the binomial distribution of lawyer salaries?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sure there is a going rate. $15-18 is the going rate. Anything less is hard to come by and anything more is not feasible for most families.

The going rate is the average in which nannies are paid.

No need to argue bit my rate is 30! The going rate for majority of nannies across the country is less.

$15/hr isn't even a living wage in this area for a single adult.

That is silly. An employee isn't required to give you a living wage. YOu choose your career knowing the barrier to entry was small. Suck it up!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sure there is a going rate. $15-18 is the going rate. Anything less is hard to come by and anything more is not feasible for most families.

The going rate is the average in which nannies are paid.

No need to argue bit my rate is 30! The going rate for majority of nannies across the country is less.

$15/hr isn't even a living wage in this area for a single adult.

That is silly. An employee isn't required to give you a living wage. YOu choose your career knowing the barrier to entry was small. Suck it up!

I can’t relate as I would never accept $15/hr.

However, families who cannot pay more than $15/hr should “suck it up” and do daycare. You can’t afford a nanny and you aren’t entitled to one. Stop trying to “keep up with the Joneses.”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sure there is a going rate. $15-18 is the going rate. Anything less is hard to come by and anything more is not feasible for most families.

The going rate is the average in which nannies are paid.

No need to argue bit my rate is 30! The going rate for majority of nannies across the country is less.

$15/hr isn't even a living wage in this area for a single adult.

That is silly. An employee isn't required to give you a living wage. YOu choose your career knowing the barrier to entry was small. Suck it up!

I can’t relate as I would never accept $15/hr.

However, families who cannot pay more than $15/hr should “suck it up” and do daycare. You can’t afford a nanny and you aren’t entitled to one. Stop trying to “keep up with the Joneses.”

Well said. Thank you!

[Anonymous]

Anonymous wrote:Does every nanny charge the same rate? No.
Why is that rocket science for you people?

Hiring a good nanny is not something most parents know how to do, even if they use an agency.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's basic economics, not meant to be an insult. Of course every nanny has different rates and expectations! But there is a range in which a lot of nannies fall, and a parent has a good chance of finding what they're looking for by offering within that range.

No one wants to pay more than they have to, just like everyone wants to be paid as much as possible. Those market forces pulling in opposite directions result in a market rate. I'm not sure why you insist on denying this fact.

Then you agree, there is no magic "going rate" number.

No there's no magic number because nannies and nanny jobs vary so widely. But there is an average range within each market. In the DC area, $15-$20/hour is pretty common. That doesn't mean that every nanny is paid within that range. That's not what average means.

You are correct about the AVERAGE rate. However, please note the title of this thread, GOING rate BS.

Your "going rate" and your "average rate" are NOT the same thing. This has already been explained ad nauseum on this forum.

Your average rate is a matter of simple mathematics when you consider the federal/state minimum wage vs. your high-end elite professional nanny.

Not every parent wants/needs to same type of nanny, even if money was no object.

+1,000