Child care centers can't afford to stay open. Here's what this means for families
CNN
From city centers to rural communities, many child care programs are raising their prices to combat inflation, adding yet another strain for families.
At KidzStuff Childcare Center in Baltimore, the cost of food, rent, power and supplies is soaring. CEO Angela Kidane has raised her staff's salaries by roughly 40% amid a tight labor market, but she's still struggling to hire teachers. That has forced her to close at least one classroom, which could cost the nonprofit organization as much as $150,000 for the year.
"We probably are up at least 30-to-35% in operating costs," Kidane told CNN. "What goes through my mind is, how's that going to affect our parents? We're going to have to pass on the cost."
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