Tabloid trash The Herald Sun is going on and on about how there is a baby boom in Australia that has raised total fertility rate to 1.85 babies per woman, the highest in Australia's history.
Birth rate increased from 1.76 babies per woman to 1.85 babies per woman (according to The Herald Sun). The Baby Bonus costs taxpayers $1 billion.
One billion dollars to produce 0.09 more babies per woman!
Remember you need 2.1 babies per woman to prevent population decline. Total fertility rate of 1.85 is not even close to enough! As a comparison, in Niger the average woman has 8 babies.
Economists at the Centre of Independent Studies believe this increase in birth rate of 0.09 is just random fluctuation, kind of like how the temperate changes over time during a day.
Why would Howard/Costello put heaps of money into something that doesn't work?
Given that this Baby Bonus is only available to a woman who earns over $50,000 a year, this smells like upper-class welfare!