this post was submitted on 05 Feb 2025
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I can't understand that industry at all. It costs parents a fortune (I think it was something like $135/day per kid 10 years ago?) but apparently the whole industry runs on a shoestring. Revenue of $16k/week per room of kids, and apparently that amount is barely scraping by.
I know the front-line workers are seriously underpaid, but someone is making money here.
@Nath @tombruzzo the owners of private childcare centres are making a killing. It's criminal that the educators don't get better pay. What they industry needs is some smart career educators who band together and start a chain of centres as cooperatives.
It's all because of the childcare subsidy. It's free government money, some places only get by because of it, and all the money goes back to management and owners