Business
Bernie Fraser hits back at MPs criticising RBA boss’ call to raise JobSeeker – Sydney Morning Herald
Former RBA governor Bernie Fraser said there are “more than enough reasons” for current governor Philip Lowe to speak up about the JobSeeker rate.
Mr Fraser previously said the JobSeeker rate should be increased by 50 per cent to 100 per cent above the current $565.70-a-fortnight base rate to ensure those who lose their jobs are able to get by adequately. The base rate was effectively doubled by the Morrison government with the $550 coronavirus supplement at the height of the pandemic.
This supplement, which is also paid to people on the Parenting Payment, Widow Allowance, Youth Allowance and Austudy, has been tapered down as the economy recovered…
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