Take, for example, a software engineer earning $100 per hour working for some hi-tech start-up. One day her elderly father has a stroke. He now needs help with shopping, cooking and even bathing. She could move her father to her own house, leave for work later in the morning, come back earlier in the evening and take care of her father personally. Both her income and the start-up’s productivity would suffer, but her father would enjoy the care of a respectful and loving daughter. Alternatively, the engineer could hire a Mexican carer who, for $12 per hour, would live with the father and
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