Time taken out of the workforce can be significantly detrimental to women’s finances and security in retirement and extra childcare support is an excellent way of redressing that balance.
KPMG is particularly pleased to note the government’s announcement stresses the fact that the additional costs of the plan will over time be outweighed by the economic activity generated.
Australia needs a rebound in economic activity, and productivity gains to bring us out of the recession and a major impediment to driving our economy is unequal gender workforce participation.
Enduring norms regarding gender and work have proven harmful to the economic welfare of women, and our society as a whole. These norms limit our economic potential and compromise our sense of fairness .
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