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Home > Why the New York Stock Exchange cheers when a child is dropped off at daycare in Sydney or Melbourne

Why the New York Stock Exchange cheers when a child is dropped off at daycare in Sydney or Melbourne [1]

Author: 
Duffy, C.
Source: 
ABC News
Format: 
Article
Publication Date: 
28 Apr 2025
AVAILABILITY
Access online [2]

Excerpts 

...

Lowly-paid childcare workers and parents struggling with the cost of living may have been left cold by the following year's annual report from Bright Horizons to the NYSE.

...

The Australian Competition and Consumer Commission found not-for-profits spent more on staff, had higher retention levels and more full-time rather than casual workers.

...

Following the 4 Corners investigation the government announced it would target operators that put "profit over quality" in a new enforcement scheme co-designed with industry.

The government said there was only a "small number" of operators doing the wrong thing.

The Australian Childcare Alliance, a lobby group that advocates for many for-profit providers did not respond to a request for comment.

...

Related link: 
Betrayal of trust: Australia's childcare crisis [3]
Region: 
Australia and New Zealand [4]
Tags: 
child care policy [5]
quality [6]

Source URL (modified on 30 Apr 2025):https://childcarecanada.org/documents/research-policy-practice/25/04/why-new-york-stock-exchange-cheers-when-child-dropped

Links
[1] https://childcarecanada.org/documents/research-policy-practice/25/04/why-new-york-stock-exchange-cheers-when-child-dropped [2] https://www.abc.net.au/news/2025-04-29/how-multinational-firms-profit-from-australian-childcare-kids/105197310 [3] https://childcarecanada.org/documents/research-policy-practice/25/03/betrayal-trust-australias-childcare-crisis [4] https://childcarecanada.org/category/region/australia-and-new-zealand [5] https://childcarecanada.org/category/tags/child-care-policy [6] https://childcarecanada.org/category/tags/quality