Only 1m Aussies to remain on JobKeeper in 2021 to contain debt pile
Changes to the JobKeeper rate reflect Australia’s inability to keep burning $11 billion of cash every month, the Prime Minister conceded on Wednesday.
Only 1m Aussies to remain on JobKeeper in 2021 to contain debt pile
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July 23, 2020
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At the moment, JobKeeper in its entirety, as a 12-month program, is expected to cost Australia $86 billion. Right now, it’s supporting around 3.5 million workers or 960,000 businesses, but come Christmas the number of employees on the payment is predicted to drop by 2.5 million.