Australia's biggest private employer group has warned Australia is now a two-speed economy and more jobs will be lost in Victoria's critical retail sector if the dole is cut back before the critical Christmas trading season.
"We are conscious that support measures including superannuation withdrawals and JobKeeper and JobSeeker payments have been stimulating much of the retail spend around the country in recent months," Mr Zahra said.The proportion of joblessness is also likely to rise above 10 per cent by the end of the year due to the shutdowns in Melbourne to limit the spread of the virus.
Mr Zahra said hard-hit areas were not tracking well, particularly in parts of Victoria under tough lockdowns such as Melbourne CBD."We are starting to see emergence of a two-tiered or two-speed economy - those recovering and those continuing to suffer," he said. He declined to say how much the rate should be, but said the previous figure was "dangerously low and needs to be permanently changed".
Without ScoMo's financial aid, Victoria will have to call in the liquidators........What a massive fuck up.
sackdanandrews
Victoria is dust ,it will be a wasteland
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