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[quote=Anonymous]"You Deserve a Raise Today." So states the editorial board in today's New York Times with regard to the working class. If you pass the nanny's one year mark without a raise, her income is essentially going down due to inflation, while virtually all of her living expenses continue to go up.

If you think you can't afford to compensate your nanny fairly, please think again. While you contemplate one investment opportunity over another to enhance your portfolio, she may be wondering where she can afford to live, and still provide the FT care of your child. Without that stability, you'll need to look for a cheaper nanny and hope it all goes well for your child, not to mention all your time investment to find a new nanny.

Please do not offer her a few pennies, and say you wish it could be more, but you didn't get a raise this year. She's living on a very tight margin, while you aren't, even if you try to be frugal.

You ethically owe the nanny fair compensation in accordance with the value she provides to you and your spouse. Without good child care, your job productivity would decline, as you scramble and worry about the state of your child's care. Everyone knows that a trustworthy nanny is hard to come by, and maybe even worth her weight in gold.[/quote]

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