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Reply to "Minimum wage rising and nannies wages"
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[quote=Anonymous] For the nannies about who say that if you cannot afford to pay $40,000 to $50,000 a year for a nanny then you should go to daycare, realize that you'd be putting a lot of people out of work. The bottom line is that there are a lot of people working for less. If those people are out of work, they will compete even harder for your jobs -- which will bring the rates employers are willing to pay down. It's a market just like any other. There are some non-price sensitive employers who will pay extra for a highly educated professional nanny. But the bulk are price sensitive -- and you can't ignore the rest of the economy. If people with four year college degrees are having a hard time finding an office job that pays $40,000 a year, you had better realize that nanny wages will shrink too. [/quote]
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