Weekly Web Round-Up: Six-figure nannies, dinosaur tails (Friday, March 23)
The New York Times this week talked about nannies who make around six figures a year.
“How does a nanny earn more than the average pediatrician? The simple answer is hard work — plus a strange seller’s market that follows a couple of quirky economic principles. A typical high-priced nanny effectively signs her (and they are almost always women) life over to the family she works for.”
And how do you put a price on childcare, anyway?
“Actually, nanny prices might be even more misleading than the wine market. They also bear resemblance to “credence goods,” an economic term for something — whether a jar of vitamins or an auto tuneup — whose true value can never quite be determined. You’re more likely to overpay for a credence good in the hope that a higher cost increases the likelihood of a benefit.”
Quick! Check out this cute craft project and grab some felt for a weekend activity for you and your kids. Who doesn’t want their very own dinosaur tail?
Finally, Huffington Post asked this week: How young is too young to pierce a child’s ears? Is this just a culture clash? Check out the comments for a grab bag of perspectives on a controversial topic. Or tell us what you think in the comments!