The morons in charge either don’t know how to run a business, or they are deliberately lying to you. Data point:
As I have said before, price controls never work. Have you seen the price of groceries lately? Even feeding those kids will cost a huge chunk of that $10 per day. Unless you are planning on feeding these kids crackers and water all day.
Capping child care at $10 a day is only about $1.13 an hour. Since the administration also supports a minimum wage of $15 per hour, as well as free healthcare, paid family leave, paid sick leave, and other benefits, then add in the taxes, overhead, and lunch that they want included, each daycare worker would need to watch 40 to 50 children. My math below the fold.
No, the reason why they want to do this is so that all private daycare goes out of business, leaving the government to raise and look after our children, so they can expose them to more porn and propaganda. They can’t be this stupid, so it must be an attempt to lie to you in order to gain more power.
Here is the math at costs for each day, and I am lowballing this:
- Worker’s pay for a 9 hour day, minimum: $135
- Social Security, liability insurance, etc. $50
- Paid Time Off (1 day per month) $25
- Health Insurance $45
- Other HR overhead $50
Total cost for labor: $275 per day, so labor alone requires 28 children per daycare worker.
Now you have the cost of a facility and its utilities, which comes to another $130 per day:
- Rent of space for watching those 40 kids: $2000 per month
- Utilities (water, power, Internet, phone, CATV, etc.) $600 per month
There are other costs, including furnishings, toys for the kids to play with (unless you plan on having them just sit there), on top of the fact that you will have to feed them. Just to break even, your fictional daycare center will need to pull in $450 a day or so.
If you are doing the math, you are now at 45 children or more for each daycare worker.
