"Cost of #agedcare could double" according to .@GuardianAus headline. But what if it was an investment .@AnikaWells .@Tony_Burke .@mark_butler_MP ? #auspol 🧵 1/8
https://twitter.com/guardian/status/1537491368473403392
Despite world’s highest number over 80s in #agedcare (~20% v 14.6% in NZ, 6% in US), #auspol only between ~1.2 per cent of GDP aged care – about 2/3 of the OECD average of 1.7 per cent, according to OECD in 2019. 2/8
Average now ~1.5%. Scandi countries spend 3.5% of GDP on #agedcare, "reflecting more advanced, gov managed LTC systems." Switzerland, France, Belgium, Finland, the United Kingdom, Germany & Japan spend 2-2.5%. oecd.org/health/health-… 3/8 
We clearly don't spend enough on #agedcare (as opposed to non-existent #submarines, @westconnex or #JobKeeper). But... 4/8
If 2% of GDP were spent on #careeconomy in Australia, Denmark, Germany, Italy, Japan, UK & US, overall employment could potentially increase overall employment from 2.4 to 6.1 per cent. 5/8
That's around 600,000 new jobs in Australia alone (double the number of jobs a similar level of investment in construction would generate) (De Henau, et al., 2016, pp. 5-6). 6/8
This could massively increase female workforce participation & regional/rural economies, where many #agedcare #RACS are closing due to staffing issues. 7/8 theguardian.com/australia-news…
Don't just throw money at private operators! How about nationalising #agedcareworkforce to ensure proper wages & conditions to attract more workers with Federal awards, given wages are ~60% of total costs? #auspol #agedcarecrisis #investment 8/8
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