|
|
|
|
|
by mhuffman
1260 days ago
|
|
The cost of daycare, in particular, is outrageous! And it has been that way for a while! I remember my ex wanted to get a job after our first child. We did the math and I would have had to pay and extra $200 a month for her to get a job! |
|
Thus, the total number of females willing to be daycare providers is going to be less than the total number of women with children. Thus, demand will always outstrip supply. Thus, the cost of daycare will rise to be the median wage of the highest-income cohort for which the supply meets demand.
For example, if there are ten working women and two are day care carers who can look after four babies each, including their own, then they can look after six non-related babies all together. Assuming each woman has one baby, then of the eight non-carers, only six will have their babies cared for. The other two have to make alternate arrangements. Due to how the market works, the two who have to make other arrangements are going to be the lowest income. The cost of daycare will rise to be the median wage of the six working women, because the substitute for daycare (the women staying home) costs the same. Thus, perpetually, for the bottom twenty percent in this example, daycare will forever be out of reach. There is no getting around this.
Note, I'm not saying anything about whether women should work or stay at home. I'm just pointing out that the whole system boils down to a Ponzi scheme of care, and withdrawals are constantly being demanded.