Coalition and Treasury have no idea on welfare

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MB’s idea of implementing a temporary universal basic income (UBI) to see Australia through the coronavirus crisis has received support from the 156,000-member United Workers Union:

UWU national secretary Tim Kennedy, in a position paper, said there was an urgent need for the federal government to intervene “and play an active role in guaranteeing and providing social and economic security during this time”.

Mr Kennedy is pushing for a “jobs guarantee” that would mean no workers could be dismissed or retrenched during the pandemic crisis, with the government guaranteeing the wages of affected workers.

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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.