Business
PM backed into corner over JobSeeker – Yahoo Finance Australia
One of Australia’s most prominent economic minds has called for the JobSeeker rate to be increased.
Prime Minister Scott Morrison. (Photo by Sam Mooy/Getty Images)
Australias leading economist, Reserve Bank Governor Philip Lowe, has reiterated his support for increasing the rate of JobSeeker permanently, as the Government moves to cut it on 31 March.
Speaking on Wednesday, Lowe said that while the RBA has not yet modelled the consequences of a reversion to the pre-COVID rate of JobSeeker, he agreed there was a wide consensus in the community that JobSeeker should be increased permanently.
“I’ve…
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