Why is childcare so expensive?

Early education and care are hugely important. It’s where children are first exposed to the education system, in a period that’s crucial for their brain development. It's also important for the economy – particularly for supporting women back into the workforce. So why is it so expensive, even with government subsidies? Listen to Grattan CEO Danielle Wood, in conversation with Grattan Fellow Iris Chan, on how to make childcare cheaper.