Australian Economy

Employment program favours old, ignores young

Leith van Onselen
Tuesday, 18 November 2014
Advertisement

By Leith van Onselen

The Australian is reporting today that special incentive payments announced in the May Budget provided to employers that take on workers over the age of 50 are proving successful in getting unemployed older Australians back to work:

The Restart program, launched in July, offers a subsidy to employers if they take on workers who are at least 50 years old.

So far 438 employers have taken part, with 11 hiring more than one jobseeker under scheme…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.