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Reply to "The $15 per hour nanny"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Thank you, 19:01, for posting. The reason why most good nannies are nannies, is because they really love to care for children. It's such an embarrassing shame how many parents look down on those who are raising their children. It seems that for many of these parents, the children are just another commodity to add to their portfolios.[/quote] Some of you guys simply don't understand supply / demand economics. Nannies often balk at getting paid anything less than $45k/year, but keep in mind that the number of people who can afford to pay $55k/year (including employer taxes and other costs plus salary) AFTER TAX on a nanny need to bring in a significant amount of $$$. And the reality is that there are only so many couple who make well over $250k/year employing nannies. The demand just isn't there and then there is a LOT of competition for those high paying jobs. Sorry, but that doesn't mean parents look down on a nanny or don't value the nanny. The going rate for an inexperienced nanny for 1-2 kids is just simply not over $15/hour. [/quote] This. Valuing a nanny and paying more are not the same thing - parents pay what they can afford. If the market demanded nannies were paid over $45 K a year, it's not that people would pay more - it's that they would employ nannies less and many of the nannies on this board would be out of a job.[/quote]
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