Inside the unbelievably lucrative childcare industry | 60 Minutes Australia

Subscribe here: http://9Soci.al/chmP50wA97J Full Episodes: https://9now.app.link/uNP4qBkmN6 | The Kids Business (2006)

Once, it seemed so natural, dad went to work, mum stayed home with the kids. Now, it’s not that simple. As often as not, both parents have to work, just to pay the mortgage. And with interest rate rises this week, things just got that little bit tougher. Tougher still, if you’re trying to find someone to look after the kids. There aren’t enough places, and decent care’s far too expensive. With high demand, high fees and high government subsidies, child care’s become a growth industry. For one man, it’s a veritable licence to print money. So, why are we taxpayers helping to build his billion dollar empire?

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For over forty years, 60 Minutes have been telling Australians the world’s greatest stories. Tales that changed history, our nation and our lives. Reporters Liz Hayes, Tom Steinfort, Tara Brown, Liam Bartlett and Sarah Abo look past the headlines because there is always a bigger picture. Sundays are for 60 Minutes.

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