Business
JobKeeper can’t be forever but is needed a little longer – Sydney Morning Herald
While there is a danger that by extending the government payments we will be stapling workers to the wrong jobs, there is a danger in removing it prematurely.
I adamantly support a permanent increase to the base rate of JobSeeker beyond March. I am less sure about extending JobKeeper, but I can see a case, which Ill get to.
First, let’s consider the cons of extending JobKeeper.
The main potential pitfall is that the program, by stapling workers to their existing employers, stops the re-allocation of labour. That is, people are supported to remain in jobs that might not otherwise be viable. Might these workers be better off exploring new job opportunities…
-
Noosa News11 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
Business22 hours agoWhat Warren Buffett’s latest portfolio moves say about the market
-
Business16 hours agoCounter drone company surges past $1 billion valuation with new contract win
-
Business19 hours agoBell Potter just initiated coverage with a buy recommendation for this ASX technology stock