Post by Banjo on Mar 9, 2021 8:24:46 GMT 7
Dob in a bludger
By John Haly
Morrison announcement of “permanently increasing the rate of working-age payments by $50 a fortnight from 1 April 2021” received a lacklustre response. The Australian reporting about the lead-up to this said, “The base rate of JobSeeker is currently $570.80 a fortnight. But pressure has been mounting on the government to raise the rate with the $150 coronavirus supplement for welfare recipients ending in late March.”
Small bickies
The Australian Council of Social Service’s disappointed response reported that they would have preferred $25 extra a day rather than a week. The cheapest coffee I can buy around in my suburb is $4, an extra $3.57 a day is hardly enough. It has, although, lifted our unemployment allowance from 37.5% to 41.2% of the national minimum wage. That means we will no longer have the lowest level of unemployment benefits as a percentage of the average salary in the OECD. Fifty dollars lifts us above Greece to second-last place. Mind you, the original Covid Jobseeker supplement incrementally lifted the unemployed for the first time, above the Henderson Poverty Line.
Paying such low levels “under the false pretence of encouraging more unemployed Australians to look for jobs” has no evidentiary basis. The international market demonstrates it has the opposite effect. Higher unemployment payments internationally are more often correlated with lower unemployment rates. More money flowing into Jobseeker generates spending in the economy, and drives demand. The multiplier effect of which, our country in recession has shown it desperately needs to boost the economy.
Read more....
theaimn.com/dob-in-a-bludger/
By John Haly
Morrison announcement of “permanently increasing the rate of working-age payments by $50 a fortnight from 1 April 2021” received a lacklustre response. The Australian reporting about the lead-up to this said, “The base rate of JobSeeker is currently $570.80 a fortnight. But pressure has been mounting on the government to raise the rate with the $150 coronavirus supplement for welfare recipients ending in late March.”
Small bickies
The Australian Council of Social Service’s disappointed response reported that they would have preferred $25 extra a day rather than a week. The cheapest coffee I can buy around in my suburb is $4, an extra $3.57 a day is hardly enough. It has, although, lifted our unemployment allowance from 37.5% to 41.2% of the national minimum wage. That means we will no longer have the lowest level of unemployment benefits as a percentage of the average salary in the OECD. Fifty dollars lifts us above Greece to second-last place. Mind you, the original Covid Jobseeker supplement incrementally lifted the unemployed for the first time, above the Henderson Poverty Line.
Paying such low levels “under the false pretence of encouraging more unemployed Australians to look for jobs” has no evidentiary basis. The international market demonstrates it has the opposite effect. Higher unemployment payments internationally are more often correlated with lower unemployment rates. More money flowing into Jobseeker generates spending in the economy, and drives demand. The multiplier effect of which, our country in recession has shown it desperately needs to boost the economy.
Read more....
theaimn.com/dob-in-a-bludger/
