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Missing teachers, missing deposits, and an unfortunate similarity between EVs and Crypto

Editorial throat-clearing: Random Walk is trying something new—shorter posts in between the longer ones. In addition to the chart-driven “let’s see what’s happening over here” (which require the dear reader to make a spirit-journey level commitment to meditative isolation), I’m going to tinker with two formats that are lower in idea-density: Great Wall of Text and Chart(s) of the Week. Please enjoy.

Chart(s) of the week

Where did all the childcare go?

While other industries have more or less recouped their pandemic-era losses, we still appear to be missing 58,000 childcare workers:

Childcare is already pretty expensive, so there’s little room to raise wages.

This especially caught my eye:

“The wait list just continues to grow, I think we just break hearts every day when we tell people we don’t have space for them,” said Erica Kral, founder and CEO of Green Garden Child Development Center, which operates several child-care centers in suburban Detroit. She has stopped accepting new names t…