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Speaker 1: Jonesy and Amanda in the Morning. Free childcare in Australia

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Speaker 1: does it pass the pub text?

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Speaker 2: On a global scale, parents in Australia pay more for

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Speaker 2: childcare than parents in most nations. There's been a new

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Speaker 2: Gratton Institute study that said working mothers could add one

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Speaker 2: hundred and fifty thousand dollars more to their lifetime earnings

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Speaker 2: if the government subsidized the cost of childcare to a

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Speaker 2: greater extent. New research has promised an eleven billion dollar

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Speaker 2: a year boost to the economic recovery by helping women

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Speaker 2: get back to the workforce.

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Speaker 1: What around the world, how do we compare?

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Speaker 2: Well, that's what I just said. We pay more than

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Speaker 2: most specific cultures.

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Speaker 1: Well, let's not go see something good? Would they?

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Speaker 2: Well this, let me just get to what is being proposed,

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Speaker 2: what we should what may be? Well, then you read

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Speaker 2: it out, Brandon, that's not as interesting as what the

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Speaker 2: proposal is. Let's discuss what's happening in Australia here. Yes, So,

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Speaker 2: the new scheme proposed by the Gratin Institute recommends the

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Speaker 2: government spend five million dollars increase its subsidy from up

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Speaker 2: to ninety five percent from eighty five percent. And it's

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Speaker 2: a lot. It sounds like a lot of money, but

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Speaker 2: what an extraordinary difference it would make. They would see

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Speaker 2: that getting women back into the workforce will make a

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Speaker 2: huge difference to economic recovery. And also if women's workforce

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Speaker 2: participation between the ages of twenty five and forty five

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Speaker 2: rose to the same rate as men, it would add

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Speaker 2: seventy billion to Australia's economy. Wow, so other countries Brendan

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Speaker 2: Swedish parents pay less than two hundred dollars per month

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Speaker 2: for childcare. Their system of edgey care provides a guaranteed

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Speaker 2: place to each about a mirror system.

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Speaker 1: Because their health systems terrible, so I can't imagine the

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Speaker 1: childcare system being great.

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Speaker 2: Well, the US system spends an equivalent of one point

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Speaker 2: one percent of its annual GDP on childcare. They pay

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Speaker 2: higher fees than in Scandinavian countries, in most states, more

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Speaker 2: than it would cost U cent a child to college.

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Speaker 2: They get some tax credits, but they're not enough to

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Speaker 2: be substantial.

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Speaker 1: When if we were young and our youngest little baby, Helen,

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Speaker 1: had to stop working because we couldn't afford the childcare,

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Speaker 1: back then, it was thirty dollars a day. That's massive,

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Speaker 1: but that was well thirty dollars a day. I think

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Speaker 1: people would be happy to pay that. It's more than

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Speaker 1: that these days, isn't.

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Speaker 2: Well, that's the thing is many families have to make

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Speaker 2: that financial decision, and it's not fair on women who

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Speaker 2: would like to their careers to continue that they have

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Speaker 2: to step back for childcare. Some families choose that, and

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Speaker 2: that's great, but look at the financial difference not just

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Speaker 2: to families but to their entire economy if we freed

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Speaker 2: up childcare.

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Speaker 1: But who's going to pay for it?

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Speaker 2: Well, look at what we're doing during coronavirus. We pay

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Speaker 2: now to get us through for future growth, look at

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Speaker 2: the future growth. It's not the right just because it's

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Speaker 2: the right thing to do the future growth. It makes sense.

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Speaker 1: We'd love to hear from you. Free childcare in Australia.

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Speaker 1: Does it pass the pub test? What do you think?

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Speaker 1: Who's going to pay for the government which means that

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Speaker 1: people don't have kids are going to have to support

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Speaker 1: other people's kids. Thinks that that's a fair system.

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Speaker 2: Yeah, we absolutely need it. I can come from Germany

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Speaker 2: and it's free.

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Speaker 1: Over the things it does bore you currently pay fourteen

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Speaker 1: hundred dollars a month and that's for two kids for

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Speaker 1: two days and one mean before and after school care

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Speaker 1: for two days.

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Speaker 2: Yeah, it does, but it's not without a Christink Sweden

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Speaker 2: all that child kid is subsidized because they have a

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Speaker 2: very high tax rate. Look, I think it does as

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Speaker 2: long as it's regulated and that it's givens of the

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Speaker 2: right people, because there are some that will abuse it.

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Speaker 2: It's interesting argument. Someone there said, what if you don't

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Speaker 2: have kids, then you'll paint. That's how we go in society.

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Speaker 2: I fund people who for their health when they're smokers. Yes, right,

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Speaker 2: we fund an arts community. Now I'm funding a guy

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Speaker 2: down the road with job keep because he doesn't have

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Speaker 2: a job at the moment.

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Speaker 1: That's what we do in Australia. We don't want to

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Speaker 1: go down the path of America where they don't have

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Speaker 1: their healthcare ses to everyone for themselves. We don't want that.

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Speaker 1: Here joined the and Amanda in the morning at one

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Speaker 1: point seven