Almost one in three jobs created over the past year was in an industry servicing the ballooning National Disability Insurance Scheme, according to new research highlighting the scale of the challenge Labor faces trying to rein in the program.as a share of GDP, while the Australian government actuary warns the program is on track to cost $125 billion a year by 2034.
The findings, which use data from the monthly labour force survey, mean that NDIS-related work accounted for 30 per cent of annual employment growth, despite representing just 6 per cent of jobs.While workers in these jobs could also be employed elsewhere in the care economy, Mr Cacho said the main driver of the growth was the “blowout” in funding for the NDIS.
“Consumer-exposed retail and hospitality employment are now falling, whilst construction employment has slowed to flat,” Mr Cacho said. “This amendment enables the agency to check progress and update plans and funding accordingly,” the legislation says. The key changes will take between 12 and 18 months to establish, and the government envisages a totally revamped and sustainable scheme after five years.
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