8 Mar 2010

Rough back of the envelope calculation: 6 months paid mat leave would cost ~$4.3billion/year

According to the ABS: 1 birth every 1m 45s, which is ~822 births per day, or ~300343 births per year
According to the ABS: female participation in the workforce is 55.5%
According to the Herald Sun, average female salary is $51,558


300343 x 51558/2 x 0.555 = $4,297,110,919

Cheap at half the price......