$2 Newstart increase an insult

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By Leith van Onselen

In the wake of Deloitte’s latest report calling for a $75 increase in the Newstart Allowance (aka the ‘Dole’), the $2 a week increase provided as part of the bi-annual CPI adjustment has been ridiculed as “laughable”. From The Guardian:

The federal government says a $2 boost per week to Newstart allowance will help unemployed Australians keep up with increases in their living costs, but people on the payment say the increase is laughable.

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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.