Whenever you see a story like this, you may be nearly certain that regulatory supply restrictions were at work. It's not just that Soviet Russia has long lines, but that *only* government overreach produces lines like this.https://twitter.com/hwitteman/status/941811086768123905 …
-
-
Costs are fundamentally limited by the salaries of the child's parents. At a certain threshold of cost, parents will leave work and will take care of the children themselves.
-
Additionally, the work, at least where I live (Australia) is VERY low status (basically, you are a kid janitor.), and requires a fairly high level diploma. It's a vocational career. To change this you'd probably need to make it like oil rig pay, near 6 figures.
-
Look, you do not normally get to simultaneously talk about 11 - year wait times *and* prices not being able to go high enough to pay for supply. Normally you raise prices some, supply increases some, demand drops some, the long lines go away.
-
It's not price, it's status. It's a skilled job occupying a social and pay niche usually dominated with unskilled workers. So you can either raise job status so people want to do it, raise prices so far nannies wages rise, raising demand further, or let unskilled people do it.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.