The babysitter in our neighborhood has upped her prices to $17.50/hr. She’s fourteen years old. And booked through September.
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And when I say “poor” that’s a relative measure. Median income here is above $150k/yr and most have either two income earners or equity in something
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Is this really a supply/demand issue? Or is it more: “my customer base has more money so I will charge more”? Is she really able to charge more b/c there’s low supply or do ALL her babysitting competitors charge more simply b/c the customers can pay more?
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