Navis in Australia demographics play
Australian politicians have long debated ways to enlarge the country’s tax base as they prepare for the economic ramifications of a spiraling dependency ratio. By 2050 there will be just 2.7 people of working age for each person aged 65 and over, compared to five at present. Proposals include hiking income tax to create a dedicated pool to cover future healthcare costs and increasing the retirement age.
While not a solution on its own, getting mothers back to work earlier after they have children certainly helps. This explains why childcare featured prominently in the recent federal election, with Prime...
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