In this decade, the demand for babysitter has been more than
what it used to be contrasting to what it was 20 years ago when the supply of
babysitter was less scarce than what it is right now. These days, teenagers
just occupy themselves with activities and hanging out with friends instead for
volunteering to babysit. Its hard to find babysitters nowadays, therefore the
whenever parents do manage to get a babysitter, the power of fees charge will
be slightly more advantageous for the babysitter as demand is more than supply.
20 years ago there were 33 million children who needed to be watched, and 39
million babysitters (age 10 - 19), recent polls suggest that children that need
to be watched raised 18 percent to 39 million while baby sitters dropped 5
percent to 37 million. Baby sitters are making a minimum wage of RM 20 an hour
because they are in demand, and in short supply; the babysitters who are trained
in CPR, diner, and drive are the hardest to come by and can haggle for higher
wages. Due to the noncompetitive work force, this gives the babysitter the
advantage of better getting the pay the want. This could be considered as
inflation in the babysitter market. We also see that the most experienced,
oldest, responsible, and best trained babysitters set the highest prices by up RM
40 an hour. By paying that extra amount however, the expectation of the parent
will considerably be high as they expect the service they are paying for. The
figure below is a graph of supply and demand.
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