Will our bottom line survive the Omicron variant? The government is hoping so

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Will our bottom line survive the Omicron variant? The government is hoping so
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The federal government will use today's mid-year budget update to spruik upgraded forecasts for job creation over the next four years, as the Opposition says there is little room for complacency after previous turnarounds ended in more lockdowns and a recession.

Shadow Treasurer Jim Chalmers said another concern is the cost of living rising alongside wages and leaving workers worse off.

, saying at the time that if the Coalition was re-elected, it would create 1.25 million jobs over five years.when thousands of people re-entered the labour force to start looking for work ahead of lockdowns easing. As for people's take-home pay, Treasury's latest update is also predicting that wages will rise every year for the next four years.

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