Coalition throws millions of unemployed back into poverty


Yesterday, 2 million unemployed Australians received the horrid news that the JobSeeker payment would revert back to its poverty level of $40 a day from 1 April 2021:

Australians eligible for the JobSeeker supplement will receive $40 a day from April, according to Services Australia.

The Coronavirus Supplement is due to end on 31 March, and after that date the payment will revert to its pre-COVID-19 level.

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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.