Coalition shafts unemployed with measly $3.60 JobSeeker rise
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As reported across the mainstream media, the Morrison Government is believed to have agreed to permanently increase the base rate of the JobSeeker payment to $615 per fortnight.
The increase of $25 per week ($3.60 a day) will take effect from 1 April 2020, and is slated to cost around $9 billion over four years.
The proposed increase in the unemployment benefit is expected to be put before the Coalition’s party room today after it was discussed at a cabinet meeting yesterday evening.
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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.