JobMaker has failed, and that’s a good thing

Treasury officials have confirmed that the Morrison Government’s $4 billion JobMaker wage subsidy is a failure. Only 5,278 jobs had been ‘created’ by mid-2020, 99% below initial expectations that 450,000 jobs would be created by the end of 2021:

Treasury documents from the middle of this year reveal that just 5,278 people had been hired using the JobMaker hiring credit, or around 1 per cent of the original budget forecast…

The program was one of the big-ticket items in last year’s federal budget, but the amount of people helped into work could be even lower than that number.

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