Pitch Engine
The Times Real Estate

.

Winding back JobKeeper and JobSeeker will push 740,000 Australians into poverty

  • Written by Ben Phillips, Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
Winding back JobKeeper and JobSeeker will push 740,000 Australians into povertylakshmiprasada S/Shutterstock

Australian National University calculations suggest JobKeeper and the boosted JobSeeker payment have saved about 2.2 million people from poverty.

It’s a remarkable outcome without precedent in Australia.

JobKeeper was set at A$1,500 per fortnight and the Coronavirus Supplement was set high enough to double JobSeek...

Read more: Winding back JobKeeper and JobSeeker will push 740,000 Australians into poverty

More Articles ...

  1. Vital Signs: batch testing and contact tracing are the two keys to stop the lockdown yo-yo
  2. Relax, losing access to China won't make us the 'poor white trash of Asia'
  3. With their conservative promises, Labour and National lock in existing unfairness in New Zealand's tax system
  4. Clive Palmer versus (Western) Australia. He could survive a High Court loss if his company is found to be “foreign”
  5. China's leaders are strong and emboldened. It's wrong to see them as weak and insecure
  6. Now we'll need $100-$120 billion. Why the budget has to spend big to avoid scarring
  7. The modelling behind Melbourne's extended city-wide lockdown is problematic
  8. Tracking Victoria's job losses: there's no road to recovery without containing COVID-19
  9. Morrison is right. All governments will need to spend more to get us out of the crisis
  10. Vital Signs: How do you fight a recession without precedent?
  11. Have we just stumbled on the biggest productivity increase of the century?
  12. Six graphs that explain Australia's recession
  13. When it comes to economic reform, the old days really were better. We checked
  14. Is ASIC more concerned about relationships with boards than enforcing the law?
  15. 4 things governments can do to help small business
  16. Recovering water for the environment in the Murray-Darling: farm upgrades increase water prices more than buybacks
  17. Australia's top economists oppose the next increases in compulsory super: new poll
  18. Sexual harassment at work isn't just discrimination. It needs to be treated as a health and safety issue
  19. Vital Signs: No, we won't change the corporate world with divestment and boycotts
  20. Trouble at the mall as landlords and tenants ponder mutually assured destruction
  21. Social licence: the idea AMP should embrace now David Murray has left the building
  22. AMP doesn’t just have a women problem. It has an everyone problem
  23. Algorithms workers can't see are increasingly pulling the management strings
  24. With management resistance overcome, working from home may be here to stay
  25. Ah shucks, how bushfires can harm and even kill our delicious oysters
  26. $37.7 million is a new Australian record. Why our corporate chiefs are paid so well
  27. Vital Signs: the Reserve Bank has done as much as it can. Now it's up to the government
  28. It's hard to tell why China is targeting Australian wine. There are two possibilities
  29. More urban sprawl while jobs cluster: working from home will reshape the nation
  30. When houses earn more than jobs: how we lost control of Australian house prices and how to get it back
  31. Workplace transmissions: a predictable result of the class divide in worker rights
  32. Last to know: the European Union knows more about our trade talks than we do
  33. For some companies, JobKeeper has become DividendKeeper. They are paying out, even though the future looks awful
  34. Vital Signs: this university funding crisis was always coming – COVID-19 just accelerated it
  35. We need super, but we're taxing it the wrong way round
  36. Timing the share market is hard – just ask your super fund
  37. Insider trading has become more subtle
  38. Small businesses are being starved of funds: here's how to make their loans cheaper
  39. The S P 500 nears its all-time high. Here's why stock markets are defying economic reality
  40. Reforming 'dad leave' is a baby step towards greater gender equality
  41. No snapback: Reserve Bank no longer confident of quick bounce out of recession
  42. Shorter meetings but longer days: how COVID-19 has changed the way we work
  43. Early access to super doesn’t justify higher compulsory contributions
  44. Warning: what COVID is doing to commercial property it is about to do to super funds
  45. Cutbacks may keep Virgin Australia alive for now, but its long-term prospects are bleak
  46. Sweden eschewed lockdowns. It's too early to be certain it was wrong
  47. What Victoria's abattoir rules mean for the supply and price of meat
  48. Our states are crying poor. They wouldn't if they charged for rezoning like the ACT
  49. Australia won't recover unless Victoria does too. The federal government must step up
  50. Victoria's child-care shutdown is a hard blow for working mothers