I would tend to disagree with this. Grandparent may value your child more than worker in daycare, but socialization of your child will suffer a lot, so will its development, child need to be with peers and not home with 2 old people. Same goes for playing and learning, there justisn't enough stimulation at home compared to daycare.
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Who says children need constant stimulation? They've historically had no trouble filling the gaps with their imagination. If anything, I think that attention span has suffered greatly because children are never allowed to be bored anymore.