Federal election 2019: Labor’s childcare proposal ‘a really big deal for typical families’, says Grattan Institute
New independent modelling claims Labor’s $4 billion childcare policy would “substantially” boost Australia’s economic growth.
According to the Grattan Institute, Labor’s plan provides an incentive for second earners in a family to work more days. Despite not being specifically promoted as an economic policy, Grattan chief executive John Daley claims it is “the most important economic reform being proposed in this election”.
The workforce participation rate among those aged 15–64 years is 73.5 per cent for women and 82.9 per cent for men.