As any parent with young children will know, child care isn’t cheap. Writing on the subject for Vox, Lyman Stone looks at America’s child care crisis:
“…since 1991, average child care costs have risen by 180 percent, as general consumer prices have risen just 80 percent. This phenomenon is known as ‘Baumol’s cost disease’, after the late economist William Baumol. Basically, because US labor productivity and earnings have been rising sharply in some sectors, like tech, they bid up the price of those sectors where there has been very little innovation — like child care.”
Until we get robot nannies, it would seem that child care costs will keep racing ahead of inflation.
However, economics isn’t the only way of viewing this issue. For instance, Stone provides a fascinating demographic perspective:
“We can track the number of adults with no kids under age 5 compared with the number of adults who do have a small child all the way back to 1850.
“There used to be three (or even fewer!) adults with no child under 5 for every adult who did have a child under that age. But today, we have nearly 10 people with no little kids for every person who does. The upshot of that statistic ought to be that parents shouldn’t be feeling isolated or overwhelmed by child care! There’s lots of help nearby.”
To put it another way, “there are more potential babysitters today than at any time in recorded history”.
Stone calculates that if just one-third of people without young children volunteered to babysit just once a month, then parents with young children could have one night off a week. That’s obviously not a complete solution to the child care crisis, but it would make parenthood that little bit easier.
‘It takes a village to raise a child’ is reputed to be an old African proverb. But while communal child care is a strong feature of many traditional societies, it is disappearing from contemporary western societies. Stone blames changing cultural norms:
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