Want an elite New York nanny? Adam Davidson considered hiring one until he saw the price tag: $180,000 a year plus Christmas bonus and a $3,000 apartment on Central Park West. "I should be her nanny," quips Davidson in the New York Times. So he probed the world of top-notch Manhattan nannies to see what people are paying for. "A typical high-priced nanny effectively signs her (and they are almost always women) life over to the family she works for," he writes. "That kind of commitment is essentially built into the price."
But that's not all: "A nanny increases her market value if she speaks fluent French (or, increasingly, Mandarin); can cook a four-course meal (and, occasionally, macrobiotic dishes); and ride, wash and groom a horse." Haut monde social connections also help, so toddlers can get a head start on all-important social climbing. But are these nannies worth it? Ultimately, Davidson equates it to paying $40 for wine when a $20 bottle would suffice: "They’re basically paying for a false sense of assurance. Or hoping to impress somebody." (Read more nanny stories.)