{"id":8676,"date":"2020-10-12T03:27:51","date_gmt":"2020-10-12T03:27:51","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=8676"},"modified":"2020-10-12T03:27:51","modified_gmt":"2020-10-12T03:27:51","slug":"labor-recovery-requires-real-economic-reform","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2020\/10\/12\/labor-recovery-requires-real-economic-reform\/","title":{"rendered":"LABOR: RECOVERY REQUIRES REAL ECONOMIC REFORM"},"content":{"rendered":"

Australia needs political leadership that will ensure we emerge from the recession stronger than we were before it began.
\nHistory tells us attempting to deal with recessions by restoring pre-crisis conditions is a sure path to failure.
\nWe need reform. Real reform.
\nEffective economic reform, as always, should focus on the three Ps \u2013 population, productivity and participation.
\nWith the pandemic meaning that more people are leaving Australia than arriving, population will not be increasing.
\nChildcare reform is needed to boost participation in the workforce and productivity. That motivates Labor\u2019s plan to address the absurd design flaw in our tax and childcare systems which discourages many working mothers from working full time.
\nCaps on childcare subsidies mean women who want to work more than three days a week often see the cost of childcare consume the bulk or even all of their wages.
\nFor so many working women, it\u2019s simply not worth working more than three days a week.<\/strong>
\nThis derails careers, it deprives working women of opportunities they\u2019ve earned.
\nThis makes no sense.
\nIt\u2019s holding back families from getting ahead and it\u2019s holding back our economy.
\nIt means we are not fully utilising our nation\u2019s greatest resource \u2013 our people.
\nA Labor government will fix this.
\nWe will remove the $10,560 a year annual cap on the childcare subsidy from July 1 2022.
\nWe will also increase the maximum childcare subsidy to 90 per cent \u2013 cutting costs for 97 per cent of all families in the system.
\nWe will require the Australian Competition and Consumer Commission to design a price regulation mechanism to ensure every taxpayer family benefits from this reform.
\nFamilies should be able to work out their own working arrangements without one gender being disadvantaged.
\nThe economic payoff will be huge. Modelling shows that clearing the way for greater female workforce participation will boost economic growth by $4 billion a year.
\nThen there is the benefit to children.
\nThe human brain develops 90 per cent of its capacity in the first five years of life.<\/strong>
\nOur reform will give children greater access to early childhood education, which will improve their prospects in later life.
\nThis will benefit workplaces \u2013 not just day-to-day productivity but years of valuable experience and knowledge and skills.
\nLabor\u2019s childcare change represents fundamental structural reform that will not only change lives, but also turbo charge economic growth.
\nThis underlines the difference between Labor and the conservatives.
\nWhile the Liberals resist reform, Labor governments drive change in the national interest.
\nWe take on the tough reform tasks that change our nation for the better.
\nUniversal health care. Affordable university education. Compulsory superannuation. The\u00a0National Broadband Network<\/strong><\/a>. The NDIS.
\nThen there are the great economic reforms of the Hawke and Keating era which set the platform for three decades of economic growth and prosperity.
\nOur childcare initiative is cut from the same cloth.
\nIt is not just about fairness. It will transform our national economy for the better.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia needs political leadership that will ensure we emerge from the recession stronger than we were before it began. History tells us attempting to deal with recessions by restoring pre-crisis conditions is a sure path to failure. We need reform. Real reform. Effective economic reform, as always, should focus on the three Ps \u2013 population, … Continue reading “LABOR: RECOVERY REQUIRES REAL ECONOMIC REFORM”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8676","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=8676"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8676\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=8676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=8676"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=8676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}