1493
Doesn't add up
(lemmy.nz)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 03 Aug 2026
1493 points (99.4% liked)
Work Reform
17324 readers
3692 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 3 years ago
MODERATORS
For a daycare, it's because setting up a new one is expensive and risky. You need property, insurance, and licensing. You need employees you've vetted and trained. It takes months to do all this and during these months you aren't making any income.
Nursing homes are even worse because they have a lot of legal requirements (that should exist!) which raises the barrier even further.
It's hard to get the loans needed for these new businesses if you aren't already wealthy.
The people that are wealthy enough to do this are instead investing in PE firms which buy up daycares and run them into the ground for profit. You are looking at "I could invest here for 10 or 20% return and I don't have to do any of the management work" or "I can invest here for 3 to 5% return and it's a full time job running the place".
Mind you, once these places are established, a LOT of the owners just do "market rates" for everything because, of course, they are quite greedy and the returns doesn't really improve when you treat your employees well.
With regards to nursing homes there's a second level. I'm going to borrow from my own past writing here :
I really don't see any way to run anything medial based without a dedicated admin team ensuring cashflow. Which sucks. It also costs a ton of money up front.
Interesting info, thank you!