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[quote=Anonymous][quote=Anonymous]Back to the original topic at hand... I don't think changing the minimum wage law will affect live out nanny salaries as most people in the DC area pay above 11:50 an hour anyway.

It could have an impact on live in nanny salaries which are closer to $10-$12 an hour. The families could switch to a model where they deduct rent but this is a lot of paperwork. I would guess that more families would switch to an au pair but many existing live ins would get a bump in pay.

The increase would have a substantial impact on daycare costs. Its already hard for daycare centers or in-home daycare to turn a profit with the ratios. Many daycare workers make below 11:50 and they have better child care experience/certifications than nannies. This turns the tables for them. I remember when my oldest was a baby a nanny was much cheaper than a DC daycare center. This will probably flip back to this for awhile.

If daycare costs rise, more cost sensitive families may look for nanny shares BUT they will not be paying the $18-$20 an hour share rates nannies hope to get. [b]The increase in share job positions could lower those rates substantially.[/b] [/quote]

Agree with most of what you're saying, except for this. That is the opposite of how things work. Increased demand does not lower something's value, rather it increases it. If suddenly more families are looking for shares, the jobs they offer will have to compete with all the other share jobs, and I suspect will lead to a slight bump in share rates as well as daycare rates. [/quote]

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