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Matilda's High Investment Early Upbringing
- Betsy Stevenson and Justin Wolfers hired a highly skilled nanny and prioritized early stimulation like sign language and classes for Matilda.
- They paid $50,000/year and taught baby sign language and weekly music/art sessions before age two.
Childcare Time Rose Even As Parental Wages Rose
- Time parents spend on childcare rose sharply despite higher opportunity cost.
- Valery Ramey documents college‑educated mothers increasing weekly childcare from 13 to 22 hours as their wages rose, driven by competitive extracurriculars for college admissions.
Don't Drive A Rugrat Race For College Signals
- Avoid chauffeuring kids into activities solely for college signaling.
- Valery Ramey links the rise from 13 to 22 weekly childcare hours among college‑educated moms to competitive extracurricular scheduling she later rebelled against.