If a depression was to hit the United States very bad will a Day Care business be a business that survives?
2006-09-19 06:28:56 · 8 answers · asked by Key Key 2 in Local Businesses ➔ United States ➔ Washington, D.C.
Low-end day care may have exceptional problems. During the Great Depression, somewhere between 20-35 percent (it fluctuated over the years) were unemployed. Those that did have jobs often had lower paying jobs (we suffered deflation, as in dollars were more rare and costly, while in Germany they had hyper-inflation, their marks were far too plentiful, a bushel of them might buy a loaf of bread).
The poor will need day care all the more in a strong depression because job opportunities must be accepted and guarded jealously--so workers won't be as likely to want to drop everything and tend to a sick or problem child, they may lose their job. However, with all of the unemployed, finding adults willing to babysit children for money will not be a problem. The problem is that the poor will not have money to pay adults, with or without facilities, as in from home or established buildings, to watch their children while they work.
Daycare for children of managers and professionals would likely survive well--they will want to maximize their successful efforts and they have good paying jobs that permit them to afford day care. Daycare for the children of rich and prestigious parents, however, will have additional concerns--security. The incidence of kidnapping will rise dramatically. It is the next best thing to robbing a bank during hard times.
2006-09-19 06:47:01 · answer #1 · answered by Rabbit 7 · 1⤊ 0⤋
I don't think so. With 25% of the workforce unemployed, there would be more stay at home parents than before. Worse, people will be trying to save money wherever they can. The 10 year olds will be in charge of the 5 year olds. Children will be dying of malnutrition, daycare will become a luxury for those who can afford live-in nannies. That's the way it was during the Great Depression.
2006-09-19 13:42:52 · answer #2 · answered by Scott K 7 · 0⤊ 0⤋
You have to be providing something that's needed to survive. If everyone in the neighborhood near the Day Care is out of work, it won't survive.
Assuming you have clients, then you may have to be competitive to keep clients. Drop your rates? Offer more services, such as abilities to care for sick kids? Be open longer hours as people take any job they can to pay the bills? Be more creative with families with older children. Offer to hire them as Junior Caretakers to get the younger sibs into the Day Care? Offer something special like ballet lessons on site?
2006-09-21 15:40:48 · answer #3 · answered by hawkthree 6 · 0⤊ 0⤋
People may not need daycare if they are out of work so that is a tricky one. On the other hand there are people who will still be working in the event of a depression so they will need daycare. I would say that that type of business will suffer.
2006-09-19 13:37:33 · answer #4 · answered by Sassy 3 · 0⤊ 0⤋
Well, everyone needs daycare, and with a depression, most mothers will be forced to go to work out of necessity. You might have to lower your prices to stay competitive, but theoretically, there will still be business.
2006-09-19 13:31:09 · answer #5 · answered by rita_alabama 6 · 0⤊ 0⤋
Day Cares will survive. Moms will have to work to support the family....
2006-09-19 13:36:46 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes, more stay at home mom's will have to join the work force. Sending their babies to the care of others. I fear for the direction we are going.
2006-09-19 13:33:02 · answer #7 · answered by awf 2 · 0⤊ 0⤋
you shouldnt put your hope in any job, or money at all. Everything will one day be gone, and your hope should be in God, for he is the only thing that lasts forever. His son Jesus Christ has died and rose again for you, so be at peace for your future, put your hope in Jesus and he will provide for you.
2006-09-19 13:38:39 · answer #8 · answered by cowboy33033 2 · 0⤊ 1⤋