Guess What Private Equity is Doing to Childcare
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Guess What Private Equity is Doing to Childcare
For example, people could work less and spend more time with each other. A good financial foundation allows parents to raise their own children instead of outsourcing the job to daycare centers and babysitters.
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Millions of families struggle to find high-quality daycare, even though they’re willing to pay high prices: on average, more than $9,500 a year, according to a 2016 report. It’s an opportunity entrepreneurs and venture capitalists have lately picked up on, with the media paying plenty of attention.
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vbsd.super.site“Child care is a textbook example of a broken market,” said Treasury Secretary Janet Yellen, a mother herself. She pointed out that families spend, on average, 13 percent of their income on child care for young kids, yet day-care workers earn so little they rank in the bottom 2 percent of all professions.