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Domestic labor is broadly unaffordable. When I was looking for a nanny the going rate was $30-40/hour. Between unemployment and demand I'd expect the market to sort this out, but the underclass is apparently comfortable enough, and regulation enough of a hindrance, that it doesn't happen. The only people I know with full-time nannies are single moms who make hundreds of thousands per year.
Yes, and your mother took care of you when you were sick. But if you are sick and go to a hospital and have nurses looking after you, they don't do it on the same basis as "well my mom gave me chicken soup and aspirin when I was ill, anyone can do this, why pay the big bucks to have someone just give me soup and aspirin?"
But people go to the hospital for a different set of problems than they're fed chicken soup by their mothers, as evidenced by the fact that children with mothers still end up in the hospital at times.
With childcare it does seem like we're looking for simple skills: I'm sure some people would want nannies that are teaching their kids algebra, but there's clearly a demand for "keep them fed and clean and away from electrical sockets" level of childcare.
The bigger issue is I think trust: the actual tasks are simple but having someone reliable enough to do them every time, not cut corners, and not take opportunities to enrich themselves with access to the family home is a little more difficult when we're trying to bring costs down.
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You don't want the type of people who are unemployed to take care of your kids though.
The people you want taking care of your kids are unaffordable since they've better options. The market can't really solve this for the middle class. The best you can do is usually hiring teenage girls from middle class+ families, but they can't do that full time for obvious reasons.
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There's a lot of middle ground between "unaffordable except for the hyper rich" and "just skip your starbucks sometimes and you too can have it."
E.g. once a week for four hours is ~50*4*35 =
$35007000/yr - considerably less than many people spend on vacation or dining out. I think Scott's point is more that he was failing to acknowledge that even that level was possible for him. Even if you drop that to once a month, it's still a real quality of life change to be able to recharge somehow without the kid as needed.Of course there's something to be said for living near family and not needing to pay for this, but that's a harder option to make possible for many people than budgeting for occasional help.
I'm getting $7000, which is almost 10% of the median household income. (Also how the heck can people be making that little?)
By having less and lower quality stuff than you.
It's more that I pay something like $70k in rent and my house is... acceptable, in an acceptable neighborhood. Granted this is a very nice town to live in and commutable to Silicon Valley, but still.
Shitboxes in the ghetto are, by world standards- to say nothing of historical standards- perfectly livable, and most towns are far cheaper than yours even for nice houses in nice neighborhoods.
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I don't understand the question? I make $16/hr plus commissions which amount to about $1/hr, so approximately $17/hr, and work 4 days a week in eight hour shifts for a total of 32 hours. That works out to $2,176 a month or $28,288 a year. My yearly expenses are mostly room and board, for which I pay $1,300 a month or $15,600 a year. Let's add a few more thousand for things like gas (about half a tank at Costco twice a month), car insurance (legal minimum), etc. and round up my budget to $20,000 a year. That still leaves me with a healthy surplus to add to my bank account every year.
I don't know what a "household" is, but if I was married to a woman who made a similar amount as me, that'd bring us up to about $60,000/yr, and of course we could share the same room.
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I make less. But then, my annual expenses, including housing, come to around $20,000 per year. It helps living in a low cost of living area.
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Oops, corrected. 10% is a harder sell, but the general point stands. Knock it back to every-other-week for 5% then.
Yeah. Slightly less crazy if you look at HCoL, e.g. 95k for California or 141k for San Francisco, but of course then your nanny cost would go up. I suspect $35/hr will do nicely in most of California, but haven't looked into it.
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