OECD Finds a Lack of Women in Australia's Workforce

The video discusses the economic impact of underutilizing women in Australia's workforce, estimating a cost equivalent to 11% of GDP. It highlights factors like high childcare costs and cultural elements that affect women's participation. The discussion also touches on personal choices and cultural perceptions, suggesting that while Australia is known for its 'blokey' culture, there is recognition and progress towards addressing these issues.

What is the estimated economic cost of the underutilization of women in the Australian workforce according to the Goldman Sachs report?

• 20% of GDP

• 11% of GDP

• 5% of GDP

• 15% of GDP

Which factor is highlighted as a major barrier to women's participation in the Australian workforce?

• Lack of education

• High cost of childcare

• Limited job opportunities

• Cultural restrictions

How does the high cost of childcare in Australia affect women's workforce participation?

• It leads to more part-time work

• It encourages more women to work

• It has no impact

• It discourages women from working

What cultural aspect is questioned in relation to the underutilization of women in Australia?

• Educational opportunities

• Political policies

• Misogynistic culture

• Religious beliefs

What is the general perception of women's strength in Australia according to the discussion?

• Women are often pushed around

• Women have a strong presence

• Women are not interested in working

• Women are not recognized