Add articles to your saved list and come back to them any time.Having children has always been part of Carmen Angerer’s life plan, but she has also thought about the cost of doing so for as long as she’s worked.
But children are important to the economy – they’re the future taxpayers, innovators and workers the country needs. The researchers found that while the motherhood penalty was smaller for women with one child than for those with multiple children, there was no significant recovery in wages for women with one child when their offspring started school.
Those career considerations meant she and her partner, Max Ryan, started their family in their mid-30s.AdvertisementWhile women take the financial hit, men also face struggles trying to juggle work and family life., which surveyed 6204 parents and carers, found this week that while many workplaces offered flexible work and parental leave, it was still considered less acceptable for men to use family-friendly arrangements, and they had less access to paid parental leave.
Three-quarters of parents agreed with a statement that if they looked for another job, they would not apply for one that did not offer flexible work arrangements. Scientific advances, medical breakthroughs , improved safety at home and in workplaces, the advent of sewerage systems and refrigeration, plus the shift away from manual labour, all mean a child born today can look forward to a lifespan exceeding 80 years.More consumers, and more wealthy consumers, have driven economic development to unparalleled levels.
Combined, the pension and aged care will account for a fifth of total government spending. And that proportion is only expected to increase. A third of the drop was attributable to slower employment growth, the rest was due to a slowdown in productivity growth.
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