Cut the pension, boost Newstart. What our algorithm says is the best way to get value for our welfare dollars
- Written by Ben Phillips, Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
Newstart should be lifted by mush more than usually proposed, a new ANU algorithm finds.ShutterstockIt would be unlikely if our current welfare system gave us the best possible value for the A$120 billion we hand out in benefits each year.
For one thing, we live, work, and arrange families differently to what we did in earlier decades, but the size...