A key support for out-of-work Aussies will be slashed within weeks – but it could be a recipe for disaster.
The report argues the recession is “changing shape fast”, which means “the nature, timing and dollars of support needs to change fast”.
“Some type of ongoing wage subsidy – a JobTweaker – will be needed too, limited to a rather smaller range of businesses . And the dollars per person may need to be lower too,” the report states. “That doesn’t say pull back overall spending support, but it does say this particular type of support should gradually fade in importance in our defence against the virus.”
“So, over and above existing reasons to have higher unemployment benefits anyway, keeping JobSeeker stronger for longer will be vital in filling the cracks as emergency safety nets morph or disappear. We’re all in this together,” it concluded.Deloitte also noted Australia’s “relative success” in the fight against COVID-19, and the successful protection of many jobs and businesses – and indicated the recession “may well have already past its worst”.
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