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Reply to "Minimum wage rising and nannies wages"
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[quote=Anonymous]"There are a ton of people who are federal employees most of whom make $100k or less. Quite obviously, even two parents making $100k are not going to be able to spend much more than a quarter of their income (and that's pre-tax, it's more like a third after tax!) in cash every year for child care. They're just not. So I guess what I'm saying is that as nannies command higher rates, there will be less and less demand for the simple fact that people can't afford one. That's truly all I'm saying. " +1 Or more non-rich families will be looking at the nanny share route to help address the cost. That will still cut down on jobs for nannies since you'll now how 1 doing the job of two. Costs of childcare centers will also rise though since those workers will earn more in particular. so it's not as if the higher nanny cost will be compared to a static daycare cost.[/quote]
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