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Coronavirus Australia: Imminent reduction in JobSeeker payment will cost the economy billions and trigger 145,000 job losses, experts warn – NEWS.com.au
Coronavirus Australia: Imminent reduction in JobSeeker payment will cost the economy billions and trigger 145,000 job losses, experts warn
Slashing welfare payments to workers who lost their jobs as a result of government mandated shutdowns is set to drain the economy of billions of dollars and cost an estimated 145,000 jobs.Respected analysts Deloitte Access Economics have crunched the numbers on the Morrison Government‘s plans to cut welfare payments to the unemployed this month by $300 a fortnight.
And what they‘ve found is that the sharp reduction in spending that will follow, as one million families are forced to do more with…
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