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.
I’m assuming folks aren’t paying a mortgage’s worth of tuition each month though.
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.
Fair enough.