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by dansiemens
1722 days ago
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Child care generally comes with a lot of regulation in developed countries. One such regulation being “one caregiver per n children”. If n is too large, the quality of care is poor, and if n is too small, the cost of care per child is too high. Developed countries tend to keep n small, thus the cost is untenable for many low/middle class families. Here’s a question: how do you solve this problem without the government subsidizing child care costs? |
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And there won't be any huge productivity boosts unless we somehow reach full automation, which I doubt won't happen at all...
In the end even with government subsidies these sectors really can't be high paying outside small number of specialist. And governments probably must subsidise them to improve productivity elsewhere.