• Babysitting rates rose 9.7% nationally in 2022 — a bit less than the 11% hike seen in 2021, but still outpacing inflation for the second year in a row.
• A shortage of babysitters and other child care workers — and higher pay those remaining are able to command — is creating seismic ripples in the labor market, keeping some parents at home or in precarious care arrangements.
• It’s also attracting teachers, nurses and other trained professionals into the career — which in turn drives up rates, because of their experience.

Tagged: #Bidenflation