Australia’s inflation rate for the March quarter was just 2 per cent, but not all areas of spending benefited from this. According to a report in the Australian Financial Review (29 April, 2004) childcare costs rose by 12.7 per cent. The price of flash digital televisions, on the other hand, fell by 21 per cent.
Comment: No wonder women are having second thoughts about having children! It’s cheaper to watch DVDs. When will the costs (and availability) of childcare receive serious attention from the federal government? Why is childcare so expensive? It’s not because of the high wages of childcare workers who, on average, receive less than people who work on supermarket checkouts. It’s time the whole industry was investigated.
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