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Reply to "A good nanny is hard to find"
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[quote=Anonymous]I think you are overestimating the value of it being an “easy” job. The reality is that $15 an hour, for 50 hours a week on the books works out to a take-home of roughly $2300 per month. In the DC area, renting just one room costs at least $700 per month, another $400 for health insurance, $100 for phone, leaves $1100 for all other expenses for the month—a car alone will eat up a lot of that, but if we assume nanny uses public transportation it’s still not free. Even if she’s very frugal, I am sure she needs food and toilet paper and shampoo, and god forbid she have an unexpected bill! What that means is that you are not really paying a liveable wage. That means your nanny pool will either be women who are too young to be financially responsible or are still living at home, or older, married women who rely primarily on a spouse’s income, or women who are not qualified to work another job. At best you find someone in one of these categories who is capable of doing the job, but they are all by nature people who are less likely to be long-term, particularly if the job is not as easy as you imagine for some reason. Either they find something better or they find something on the side (leaving them burnt out). This is why I always advise those who can only barely afford a nanny to look into nanny shares. Your child will get much better care splitting the attention of an experienced and well-paid professional than getting undivided attention from someone whose wages leave them stressed and scrambling for a side hustle.[/quote]
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