re: Is child care/daycare innately expensive? What can society do to reduce *cost* of it?

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 child care/daycare innately expensive? What can society do to reduce *cost* of it?

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Become Somalian??

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Cheaper than child care, cleaning service and going out to eat/picking up dinner 3-4 nights a week

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Is it still cheaper if she gives up a job generating >250k a year?

I have been on a waitlist for this somali daycare for 8 years. Cant get them to call me back.

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Like with most issues, its insurance companies spiking liability insurance premiums

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That's an outcome of over regulation and ambulance chasers.

A few have already said, couples need to quit chasing the “American dream”. Husbands work to provide. Work 2-3 jobs if needed. Moms stay home. Live below your means. It will work but everyone wants a $1500 iphone, $600 car note, travel ball for jr and starbucks

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Is it still cheaper if she gives up a job generating >250k a year?

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Estimate Based on Available Data
• If roughly 3.6 % of all workers earn = $250,000 and women are underrepresented at the highest earnings levels:
• The percentage of women earning = $250,000 is likely well below 3.6 % of all female workers.
• A rough estimate — based on the gender share of high earners — would place it around 1–2 % of women, but exact Census percentages by sex for the $250k+ category are not typically reported in headline summaries and require digging into the CPS PINC-11 tables.

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Ah yes. The mythical unicorn. When discussing how to reduce childcare cost for the many, concern yourself with the isolated outlier who can afford an au pair

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Make the cost tax deductible for the parents.

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Think you can deduct $7500 now a year through dependent care.

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Everyone keeps repeating this like it's a magic pill. Unless the mom is making <$30k per year, it's financially better for them to work.

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Sounds like it doesn’t need to be subsidized then.

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Sounds like it doesn’t need to be subsidized then.

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The question isn't how to subsidize daycare, it's how to reduce costs.

Those are 2 inherently different things.

Having astronomical daycare costs actually leads to it being subsidized by the Gov't, which then leads to even higher costs for everyone.

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owners of daycares don’t really make that much money,

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Yeah no.

I have a client that owns two child care facilities. Each one has $2 million in annual revenue and $600k in profit per year.

Good child cares charge a lot because they can. Supply and demand.

There is a lot of cheaper child care options out there but they are sketchy at best and I would not be comfortable using them.

My youngest stopped child care about 10 years ago. I was paying $190/wk then. There were options as low as $105/wk but they were in bad areas, dirty, etc.