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This Founder Plans To Solve The Childcare Crisis By Putting A Daycare On Every Block – Forbes

The cost of childcare has risen by 41% over the past few years. Many parents, mostly mothers, have been forced to completely exit the workforce because they simply can’t cover the cost of childcare. The economic impact of the chil…….

The cost of childcare has risen by 41% over the past few years. Many parents, mostly mothers, have been forced to completely exit the workforce because they simply can’t cover the cost of childcare. The economic impact of the childcare crisis is astronomical and the structure of care, as any parent will tell you, is unsustainable.

NeighborSchools is working to fix that. Founder Bridget Garsh is on a mission to make childcare better for everybody, from parents to providers, through at-home “micro-daycares.” She’s not only helping parents find quality, affordable care, she’s enabling them to offer better compensation to experienced care providers.

I spoke to Garsh about her interesting approach to solving the caregiver crisis and her ambitious goal to open a daycare on every block in America by 2030.

Amy Shoenthal: Tell me why you decided to create NeighborSchools.

Bridget Garsh: Child care is broken. Parents pay too much, Providers get paid peanuts. Half of Americans live in areas that have been declared “child care deserts.”

Daycare centers are shaky businesses in the best of times. Overhead costs like facilities, administration, and back office operations lead to razor-thin margins and keep caregiver wages shockingly low. Average wages are just $12 per hour, which explains why 25% of the workforce turns over every year. Covid proved that without dramatic government support, center-based care isn’t a model that we can rely on for the future.

I never really thought about child care until I was pregnant with my son, Hudson. My mother in law’s first response to us announcing that I was pregnant was to ask if we had figured out childcare yet. We got super lucky and my husband’s employer had a daycare on site. Those caregivers were there from the minute I had to go back to work after maternity leave, through sleep issues, bottle issues, learning, feeding and more, these women were our partners. We had this incredibly strong connection with them. But a few months later, they left. It turned out they weren’t earning enough to live on.

NeighborSchools founder Bridget Garsh and her son, Hudson

Albie Colantonio

When you think about the financial realities of parents paying all this money and providers not earning enough, it’s completely broken. The economics of center-based care just doesn’t work.

According to our research, less than 30% of parent payments to daycare centers make it to the providers’ wages. We wanted to see if we could flip that model to create a dramatic increase in earnings for caregivers.

That’s why I want to offer providers the tools they need …….

Source: https://www.forbes.com/sites/amyshoenthal/2022/04/12/this-founder-plans-to-solve-the-childcare-crisis-by-putting-a-daycare-on-every-block/

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