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Old 05-17-2020, 09:19 AM
Location: Milwaukee
5,251 posts, read 2,509,077 times
Reputation: 3356


Things are looking bleak for the childcare industry.


This pandemic is radically changing everything.
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Old 05-25-2020, 08:45 AM
13,081 posts, read 16,289,083 times
Reputation: 15363
I wouldn't hold any spots for anyone if they weren't coming in...why?
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Old 05-25-2020, 08:58 AM
Location: Toronto, Ontario, Canada.
2,686 posts, read 3,524,058 times
Reputation: 7481
It isn't hard to predict large scale bankruptcies in this type of business. Parents who have lost their jobs entirely, or are only working a few hours a week, are going to cut any expense that they can cut. The hardest hit job sector will be those who earn less than 40k per year, because their skills are not good enough to save their jobs.

In the middle class the cubicle workers are also going to be hit hard. One only has to read the long list of U.S. corporations that have gone broke to see that fact. J.C. Penny, Hertz Car Rentals ( who also own Dollar , Thrifty, and some others ) Victoria's Secret, Pier One, and the list goes on. The minimum wage workers who work in " child care " are going to be out of a job when the parents of the kids can no longer afford to pay for their care.

Its called a depression. And its going to be a long haul to get back to even close to what it used to be like.
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