Australias birth rate is below replacement level. Treasurer Hockeys objective of enticing more mothers into the paid workforce so as to increase tax revenue is a short-sighted policy. Parents who have large families are nurturing a valuable future resource. The inverted demographic pyramid - a shrinking base of babies and young people, the future workers and taxpayers, who will have to support the increasing load of an ageing and retired cohort - will present huge challenges.
Posted on: Tue, 15 Apr 2014 01:27:10 +0000
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