One of the reason, life in Australia is so difficult, is the increase cost of childcare, in a world, where the cost of living is so high, both parents working, is needed for many young families, just to live pay check to pay check.
Thus, a good idea is to find a way to decrease the cost of childcare. One of the reason cost of childcare is so high, is due to, the principle of supply and demand, a basic economic principle.
When supply is high and demand is low, the economic value of the good is low. When the supply is low and the demand is high, it become more expensive. It is why, despite water is essential, it is cheap, gold on the other hand, is not essential, but it worth a lot of money.
Currently, the cost of child care is increasing, due to the increase demand for child care, due to more young family requiring both parent working, just to live paycheck to paycheck. But the supply of childcare, is not increasing.
However, public schools, is not a business, thus, they don't increase their cost, due to the increase demand for low supply.
Unlike Australia, in many countries, kindergarten is not compulsory education, so not all kids attend kindergarten. But, for them kindergarten runs for 3 years, starting from 4 years old, 5 years old and 6 years old. Thus, by increasing kindergarten to start from the age of 4, but not making kindergarten compulsory means, more parents, who are sending their kids to childcare, can now, start sending their kids to public school, by the time they turn 4 years old.
This can decrease the demand for childcare by 50%, consider, instead of kids that are 2, 3, 4 and 5 years old, needing to be send to daycare, now, only kids that are 2 and 3 years old, need to be send to childcare.
Decreasing the demand of childcare by up to 50%, also allow decrease the cost of childcare, up to 50%.
No comments:
Post a Comment