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Peter Martin has written a great piece today imploring the Turnbull Government to abandon its planned $4.40 a week cut to unemployment benefits (“Newstart”) for new recipients:
No credible organisation thinks it should [cut Newstart]. The Business Council says Newstart is so low it “presents a barrier to employment and risks entrenching poverty”. The Organisation for Economic Co-operation and Development says it raises issues about its effectiveness in “enabling someone to look for a suitable job”.
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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.
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