Planet Money is an NPR podcast aimed at making sense of “the big, complicated forces” that define the economy. In this episode, parent Wesley Wade, daycare owner Kelsey Anderson, and childcare economist Jessica Brown discuss why the childcare system is not working—for anyone. Why is childcare so expensive? Why are daycare centers turning less than 1% in profit? Why are daycare teachers making less than fast food workers? Why are waitlists so long and yet daycares are shrinking instead of exploding? Take a listen to find out.
Listen: Baby’s first market failure (NPR)
Image via NPR
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