We're on a path to complete unsustainability.
If basic services cost more than the people who need them can earn, then what happens?
Like it or not, our economic system is built on a pyramid system with a larger number of vocational workers on the bottom layer and ever smaller numbers of more specialist workers stacking up the layers above.
If the bottom layer catches up to the layers above, then everyone will be poor except for the 0.1%, which is where we're heading now.
I'm sorry if you've taken my opinion as disrespect towards the childcare profession, but we should be questioning how far we want our services to go because continued progression costs money.
The more fundamental issue is that traditionally low paying jobs, which were historically more open to people without any formal qualifications, could be done and a standard of living could still be maintained on that low wage. Nowadays, cost of living issues (eg housing problems) means that minimum wage isn't enough.