When my toddler’s day care started turning parents away at the door due to staffing shortages, I learned it was owned by private equity — which maximizes enrollment to squeeze profit out of childcare and now owns eight of the 11 largest US day care companies.
Oh capitalism, is there anything you can’t ruin?
Seems like a daycare that would fail real fast as no parent has the job stability to wonder if their daycare will accept their child that day.
If capitalism is cancer, than private equity is a demon core nightstand in your bedroom.
Private Equity is ripping the wiring out of the walls to sell for scrap. If this keeps going on at the rate it is eventually they’re going to tear out load bearing walls and the economic damage will start to compound. They’re already making Society more and more brittle and eventually they could accidentally go too far and before they even realize it it’s too late to save the economics system
That’s exactly what DOGE is doing.
We are already there.
enshittification is the result of short term profit maximization.
Tbh. childcare is state sponsored here in Germany and things are not going well either.
Careful about equating ‘bad’ in different context. One person pays 600+ euro/mo for bad service that may be entirely different from your bad service.
I’m happy to relay the news that swedish daggis(sp?) is supposed to still be very adequate in many places, as an example of state-run childcare efforts.
I’d be interested in seeing a comparison of user-fee pricing and qualifications of childcare workers and curricula, as well as the subjective quality opinion. Getting a common reference frame could really help here.
I’m assuming folks aren’t paying a mortgage’s worth of tuition each month though.
Fair enough.
For non-americans, it is about 1 mortgage per kid in full time daycare (45 hours a week) per month. This is not an exaggeration.
