“Woefully in­adequate” JobMaker may not pass Senate

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Shadow employment minister Brendan O’Connor indicated yesterday that Labor is unlikely to oppose legislation to enact the federal government’s $4 billion JobMaker hiring credit scheme. However, he says the bill is “woefully inadequate” and no amount of amendments will fix it:

“No amount of amendments will fix this woefully inadequate proposed legislation, which will not deliver what was announced by the Prime Minister,” [O’Connor] told The Australian.

“The Morrison recession will be deeper and longer, and unemployment will be persistently high, because of the failure of the government in not understanding what is required to respond to the worst recession since the Great Depression.”

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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.