Business
Cut to jobseeker payment estimated to cost Australian economy $31bn – The Guardian
Deloitte report says reducing coronavirus supplement will harm economic recovery and decrease employment
Maintaining Australias pandemic-boosted welfare payments wont stop jobseekers from taking up work during the Covid recession, Deloitte Access Economics says.
Instead, cutting the $550-a-fortnight coronavirus supplement would harm the economic recovery and decrease both GDP and employment across Australia, the firm said in a new report.
The planned reduction to the supplement in two weeks before its removed entirely after Christmas would reduce the size of the economy by $31.3bn and cost the eq…
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