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Reply to "Any objective sources for nanny salaries?"
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[quote=Anonymous][quote]If a nanny is tops, she should not have to drop her rates for a new family, [quote] So untrue and unrealistic. You really have no knowledge of economics. Lets take the example that you were responding to of the nanny who was making $21 an hour because she had been in her position for 5 years. With annual $1 raises and no salary raises for additional children this nanny started $16 an hour. Its more likely that a nanny who has been with a family for 5 years has seen additional children which would have been a $1-$2 salary bump. This situation with annual $1 raises puts her starting salary $14-$15 an hour. A nanny who was competitive at $14-$15 an hour 5 years ago is NOT competitive at $21 an hour now. The market has decreased or stayed flat in the past 5 years and there certainly hasn't been a 30% increase in nanny salaries. Five years of experience is not a significant enough distinguisher to make a difference between $14-$16 and $21. She may have finished a degree but even this would not jump her $7 an hour over her previous starting salary. A nanny who doesn't drop her rates for a new job has either a:) had short term jobs and/or no pay increases w/ a longer term job or b:) hit the jackpot out of sheer luck. [/quote]
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