Millennial's Daycare Wage Shock: Why is Childcare So Expensive?

The high cost of childcare in the US is a growing concern for many families. A recent video by Stephanie (@itsthatgirlstephanie_) highlights this issue, comparing her 2016 hourly wage of $9 at a daycare to current job postings advertising $15-16 per hour. "I'm confused," Stephanie says, "Why does childcare cost what it does?" She points out that even with increased wages, the cost of childcare remains exorbitant for parents. Experts suggest that factors such as increased insurance costs, higher rent, and the need for qualified staff contribute to the high prices. Addressing this issue requires a multifaceted approach, including increased government subsidies and better wages for childcare providers.