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The added cost of having an additional person to provide room and food for way exceeds that €300/month. Especially, when taking into consideration that you might have to extend/renovate the house to lodge another person. Adding an extra bedroom and possibly bathroom is not cheap.
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Even if you assume the cost of lodging was 1000€ (which it isn't) then the au-pair would still be significantly underpaid.

A normal full time employee costs at least 2000€ a month (salary, tax, pension plan, health insurance, etc). If you are paying less than that you are definietly exploiting them.

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A semi-skilled English-speaking customer service agent in PH makes less than $700 a month to put this into perspective.

Working abroad is a totally reasonable proposition compared to working in the Philippines.

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So in reality you’re paying for their food, electricity and heat, letting them rent a room for free, and allowing them the use of the other facilities in your home and on top of that you’re giving them a spending allowance of 300 euro.
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The marginal cost of food/electricity/bed for adding one additional person to a family is drastically less than those things would cost for a person living alone. Whichever way you slice this, the employer is making out like a bandit under this scheme.
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In fact, you could do this for a homeless person today, in any city on the globe! And never even ask them to do anything for you!
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