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Reply to "Is the work of a nanny valuable or not?"
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[quote=Anonymous]Of course the work of a nanny is very valuable. So is a teacher, adult caregiver, social worker, etc. However, like any job in America, the price (salary) comes down to supply and demand. Because there are more good, quality, caring nannies than there are families who need one/can afford one, it keeps the price low. People don't pay $30/hour when there is an abundant supply of quality nannies at $20/hour. That's how the free market works. Salaries only rise when there is a shortage of well- trained workers in a field, like STEM (science, tech, engineering, math). There are not enough highly trained workers in these fields, therefore employers have to keep increasing salaries to be able to hire workers.[/quote]
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