Give the unemployed a fair go

Monday 8 August 2016

The Australia Institute’s (TAI) chief economist, Richard Denniss, has penned a good piece in The AFR lambasting moves by the Turnbull Government to reduce unemployment benefits to new recipients:

When someone loses their job through no fault of their own, the Australian government steps in to help provide them with a “Newstart” allowance of $263.80 per week… How many weeks could you pay the mortgage for if your income fell to $263.80 per week?…

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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.