The analysis from Melbourne University's Household, Income and Labour Dynamics in Australia Survey suggests 28 per cent of the nation's workforce, or about 3.5 million workers, worked in industries where businesses were forced to close, like hospitality, aviation and the arts, or those that experienced steep declines in turnover, including the real estate, apparel and automotive sectors.
Last Friday, Treasury revealed a "significant error" in its estimates meant JobKeeper would be paid to only 3.5 million people instead of 6.5 million and cost $70 billion over a six-month period, representing a $60 billion saving that the Labor opposition has argued should be used to include short-term casuals in the scheme.extend support for badly-affected industriesOf the total group of workers in industries worst-affected by measures designed to slow the spread of COVID-19, 48.
Almost 50 per cent of workers who are most vulnerable to the downturn rent compared with less than 30 per cent of the rest of the workforce.
Every generation is corona fvcked.
Asher_Wolf And less white. And less male.
Asher_Wolf those hardest hit are likely to be younger, poorer and less able to withstand the financial hit. Yep. Always is.
People with little money struggle with even less money.....whoever wrote this report is a genius.
The pandemic didn't induce anything, it made a few million pple sick and killed a few others
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Surge in young people accessing super due to exclusion from bungled JobKeeper, Labor saysLabor's treasury spokesman Jim Chalmers says young people have been forced to access superannuation early after being excluded from the bungled JobKeeper scheme. Jim you are a waste of space. I know many people who accessed it. They are not young and they are not forced. No one is forced mate. Lift your poor game It's not bungled. And this super thing was always considered obliged bank deposits-so let the kids access them. They will be happier and the housing industry might in 10 years time suffer, a bit. (Seems like the inanimate will us make prouder) MikeCarlton01 Bungled works.
Source: SBSNews - 🏆 3. / 89 Read more »
Who could get the missing $60 billionThe massively under-spent JobKeeper scheme won’t be expanded to workers who missed out, but it could be extended beyond six months for the battered tourism sector. It hasn't been 'left over' it was never in the bank in the first place, it was a 'budget calculation' for Jobkeeper and they screwed up. Left over Jesus politicians. Just don’t use it you idiots
Source: newscomauHQ - 🏆 9. / 77 Read more »
Underspent JobKeeper won't be expanded, but tourism sector could get further supportThe treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered. Only where it goes to the pockets of their political donors. Politics is broken and full of corruption. In business, we would call the ones who held back budget after a cut, falsely claiming it was spent, the sandbaggers. At bonus time, they would miraculously deliver their targets, through some dodgy redistribution of money. They always got sacked. Its an old trick, Scott, Josh Over-budgeting?. Brilliant. Can you just imagine a Labor doing this?. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Source: SBSNews - 🏆 3. / 89 Read more »
'I take responsibility for this': Treasurer accepts blame for $60b bungleIt comes as Labor wants Mr Frydenberg to front a Senate inquiry to explain the embarrassing $60 billion JobKeeper reporting error. 1st time I've heard a 60 billion saving called a 'black hole'... At this point they (left&right) are all criminals engaged in destroying the economy in preparation for the Fourth Industrial Revolution for the money power. Fraudenberg even faked a covid cough. Criminals and liars. We want a peoples bank. We need infrastructure. Criminals and liars
Source: 9NewsAUS - 🏆 10. / 72 Read more »
PM, economists look beyond JobKeeperThe Morrison government is being urged to overhaul its JobKeeper program to focus on jobs in the tourism and recreation sectors when the wage subsidy scheme ends Bureaucrats Treasury bungled JobKeeper numbers, Hmm? How much do we pay them?
Source: smh - 🏆 6. / 80 Read more »
Why JobKeeper won’t stop you from getting the sackIt’s meant to be the lifeline to workers during the pandemic. But now the Treasurer has admitted Aussies could still get the sack when the payments run out. What should we do differently? Isn't this obvious? Of course once the payments run out people could be sacked. Employers can't pay peoole if they have no money themselves 🤦♂️ Uh duuuuuuhhhhhh...
Source: newscomauHQ - 🏆 9. / 77 Read more »