JobSeeker cut to push 150,000 more Aussies into poverty
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MB strongly opposed the Morrison Government’s cutting of the JobSeeker unemployment allowance to $44 a day on both equity and economic grounds.
The equity arguments are straightforward. Cutting to JobSeeker to $44 a day would push the income of the unemployed way below the poverty line, as illustrated clearly below by the Grattan Institute:
JobSeeker has, once again, fallen far below the poverty line.
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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.