General
JobMaker could pay bosses to cut wages and jobs, warns Treasury
Employers could sack experienced employees, replace them with workers earning just a third of the salary and get a taxpayer-funded grant to do it, previously secret Treasury documents have revealed.
Key points:
- The JobMaker subsidy pays companies up to $200 a week to hire people under 30
- FOI documents show Treasury examples of companies sacking full-time employees and hiring cheaper part-time workers
- Sack someone earning $75,000, replace with three staff on $30,000 and JobMaker will pay the $15,000 gap
Treasury’s own examples, obtained by the ABC using the Freedom of Information (FOI) process, show bosses could sack a full-time employee on $75,000 and replace him or her with three part-time staff on wages between $22,500 and $30,000, while…
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