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Reply to "Newborn Baby rates are $20-30/hr + PLUS your older children if you have some."
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[quote=Anonymous]Even if a nanny worked only 40 hours a week, $30/hour is $62,400 a year even not including taxes. There are so so few people who could afford that, the number of nanny positions would be tiny. And then because there were so many people looking for a nanny job, someone would do it for $25 a week, and then someone would do it for $20, and the market would level out to somewhere around what families can afford and how many people want the job. The ceiling for nanny jobs is very real because in order for a parent to keep working, they generally want to be making more than they'd have to pay for child care and enough to make it worth it for them to stay employed themselves. [/quote]
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