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.
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.
Read more at MyBusiness.
