Where is all this daycare money going? My daycare was like 8 ladies that just sat around in a playroom doing arts and crafts with us all day and took us to the pool and library in summer. They could have covered that on 2/3 kids each at 40k a year/kid. They didn’t seem to be particularly well off…
It’s amazing how they get away with paying so little. My field is adjacent, and I’ve been open to working with elementary age, but the positions I see as “master teacher” at daycares are usually around $9-10 an hour - what I was making working at a fast food restaurant in 2015.
Daycare workers can cost about $30/hour, if you include taxes, insurance, benefits like paid time off, etc.
A typical daycare needs about 50 hours per week of coverage, and something like 8am to 6pm is about right.
Each worker can reasonably be expected to look after 4 kids.
So with perfect staffing (no overtime pay, enrollment at a perfect whole number multiple of 4), labor costs alone would be something like $375 per kid per week. Throw in rent, insurance, food, operational costs, administrative costs including certification and licensing, furniture/equipment, utilities, etc., and it’s not unreasonable for that cost to balloon to $750/week, or $39k per year.
Where is all this daycare money going? My daycare was like 8 ladies that just sat around in a playroom doing arts and crafts with us all day and took us to the pool and library in summer. They could have covered that on 2/3 kids each at 40k a year/kid. They didn’t seem to be particularly well off…
This might give some clues: https://nwlc.org/wp-content/uploads/2024/06/Two-Pager-Understanding-Private-Equity-in-Child-Care.pdf
It’s amazing how they get away with paying so little. My field is adjacent, and I’ve been open to working with elementary age, but the positions I see as “master teacher” at daycares are usually around $9-10 an hour - what I was making working at a fast food restaurant in 2015.
Daycare workers can cost about $30/hour, if you include taxes, insurance, benefits like paid time off, etc.
A typical daycare needs about 50 hours per week of coverage, and something like 8am to 6pm is about right.
Each worker can reasonably be expected to look after 4 kids.
So with perfect staffing (no overtime pay, enrollment at a perfect whole number multiple of 4), labor costs alone would be something like $375 per kid per week. Throw in rent, insurance, food, operational costs, administrative costs including certification and licensing, furniture/equipment, utilities, etc., and it’s not unreasonable for that cost to balloon to $750/week, or $39k per year.