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As a family child care provider and entrepreneur of sorts, I know that parents depend on me to support their families and to make sure their young children begin school ready to learn.
On a typical day, I take care of eight kids, who range in age from an infant to an 11-year-old. Holidays, Saturdays, every day of the week―I am there for these families. My work week goes far beyond 40 hours. I don't mind this because I enjoy working with children, and it's so rewarding to watch them grow up.
But as much as I love my work I can see that the child care system in this country is in crisis. A lot of families are having a hard time finding child care they can afford. Providers like me are being driven out of the business because so many of us have no health insurance and no sick days and have to work two jobs to make ends meet.
Now Bain Capital, a giant corporate buyout firm that buys and sells companies to make a profit, is getting into the business! Bain Capital just bought the third largest for-profit child care chain in the country, Bright Horizons, for $1.3 billion. This friendly takeover is costing Bright Horizons tens of millions in up-front fees and annual "management" fees. More important, it is saddling the company with what even its executives admit is a "substantial" new debt of $850 million.
What does this have to do with the quality of child care at Bright Horizons centers?
Residents at nursing homes bought by private investment firms were worse off on almost all benchmarks of their health and well-being, on average, than under previous owners, according to a September investigative report in the New York Times.
When buyout firm KKR took over Bright Horizons rival Kinder Care chain, they replaced its CEO, a leading child care expert, with someone whose main qualification was a prior stint managing a hotel chain. And during KKR's years in control of Kinder Care, one St. Paul center tallied 73 license violations over several years, including one confirmed case each of child abuse and child neglect.
Just like any other company, Bain has a right to make a profit―but not at the expense of young children! Bain Capital's dealmakers now have the power to make decisions that affect 16,000 teachers nationwide and tens of thousands of young children and their families. The question is, will Bain Capital's improve access, quality, and compensation, or will they enact cost cutting measures that harm the quality of child care services?
Child care providers like me are joining together with parents, teachers, community advocates, and others who have been working to improve the quality of child care, and we are calling on Bain Capital to commit to providing quality child care at Bright Horizons Centers. We are going to make sure Bain Capital moves Bright Horizons forward, not backward. Among other elements of quality child care, Bain Capital's management should ensure that Bright Horizons centers:
*do not shut down
*expand or maintain their capacity
*employ skilled, well-compensated teachers
*maintain a stable workforce
*maintain safe staffing ratios
*support and reward education and training for teachers
*provide a safe and stimulating physical environment
*establish reasonable and affordable parent fees.
Join our campaign and help us protect quality child care! Go to www.TellBainToPutKidsFirst.org, where you can send a message to Bain Capital, share your questions and concerns, sign up to stay informed, and get involved in holding Bain Capital accountable for quality child care.
A Peaceful Revolution is a blog about innovative ideas to strengthen America's families through public policies, business practices, and cultural change. Done in collaboration with MomsRising.org, read a new post here each week.
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At the giant corporate child care centers your little tots will learn to call money "resources" and murder "collateral damage".
What a mess we are in with this subject. We have a hardcore capitalst approach in our society, so all citizens are "graded' and rewarded by their earning potential and job dedication. We have the same proponants of hardcore capitalism attempting to sell 50% of the population (women) on the notion that it is wrong for them to be extremely careerist...therefore "wrong" for women to earn lots of money and play the game with the big boys. We have very little support for women who do work (as in childcare provided at or near the workplace, flexible schedules or decent part time opportunities.)
Result? Women who feel they want to (or must) care for their children themselves are taken out of the market driven economy and lose ground (and income and financial stability) for life. They may return to work years later at jobs for which they are very over-qualified or under-compensated with few benefits.
Or, we have women who choose to stay in the game by which we are all evaluated and rewarded (our work/salary) -- but who end up scrambling for/piecing together child care (some of it erratic or lower in quality) and the home life suffers.
If you speak out about this, you are labeled a whiner or just told to "not have kids". There must be a better answer.
The problem with childcare is the continual devaluation of what most people call "women's work." Traditionally, childcare is left up to women to provide, and just about every mom will tell you they don't get any (monetary) compensation for providing it. Therefore, a position in childcare is, (erroneously) a classically underpaid position. Most people who want to be around children have children of their own, and are thus mostly unavailable. It's a conundrum that is hard to solve. I wish I had an answer, if not THE answer.
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