Job Keepers and Job Seekers: How many workers will lose and how many will gain?

Authors: Rebecca Cassells and Alan Duncan (Bankwest Curtin Economics Centre)

In response to the predicted job losses and business closures brought on by responses to COVID-19, the government has announced an unprecedented Job Keeper package at a cost of $130 billion.
The package is expected to reach more than 6 million workers over the next six months and will be backdated to the 1st March, with payments expected to flow through to businesses from the 1st May.

The value of this package represents almost half of the entire wage bill ($286bn) of these workers over the six month period, at around 6.9% of annual GDP.

Overall the Job Keeper package will help many businesses to stay afloat and workers to stay attached to their employers as we move through the crisis.

A number of questions and issues are nevertheless raised in relation to the implementation, impact and consequences of the Job Keeper payment. We discuss these in this research brief and present modifications of the Job Keeper payment that would see a fairer outcome between part-time and full-time workers.

Download the brief


On the blog

JobKeeper Could Be a Depression Beater, by Chris Edmond, Steven Hamilton and Bruce Preston.

Open Letter to the Prime Minister: Extend Coronavirus Support to Temporary Workers, by Peter Whiteford.

The Government’s Fiscal Tool Kit for COVID-19, by Miranda Stewart and Peter Whiteford.

The Australian Government Opens a Coronavirus Super Loophole: It’s Legal to Put Your Money In, Take It Out, and Save on Tax, by Robert Breunig and Tristram Sainsbury.

Coronavirus Supplement: Your Guide to the Australian Payments That Will Go to the Extra Million on Welfare, by Peter Whiteford and Bruce Bradbury.

When It Comes to Sick Leave, We’re Not Much Better Prepared for Coronavirus Than the US, by Peter Whiteford and Bruce Bradbury.

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