DELIVERING ON DIVERSITY, GENDER EQUALITY, AND INCLUSION
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In this issue, we look at how Australia is supporting mothers and efforts to reduce maternal mortality in the United States. Plus, we take stock of how US renters are faring, and we consider how organizations can help employees who are struggling through the pandemic. |
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Care package. This week, Australia announced that it will increase childcare subsidies for families with two or more young children—and that maximum subsidies will rise to 95 percent of the childcare fees paid for each child after the first. This means that Australian parents will no longer see their costs double when they have a second child, and that childcare expenses will eat up less of their paychecks. The policy is intended to give more mothers the ability to work, or to work more hours. Australia could substantially boost its GDP by increasing women's workforce participation, and improving marginal financial incentives is one of the top ways it can achieve this. Though many say they want more paid employment, Australian mothers are far more likely to work part-time than their counterparts in most other developed countries. Among the reasons: net childcare costs took up nearly one-fifth of household income for a typical Australian couple last year—double the OECD average. |
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Next week: a look at Asian American and Pacific Islander Heritage Month. |
— Edited by Julia Arnous, an editor in McKinsey's Boston office |
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