For many small businesses the past month has been the most difficult period of the pandemic. Australia needs a better plan to help more survive.
When COVID-19 struck, Australia’s Treasury didn’t have the luxury of years of work, refinement and debate to develop JobKeeper. It had to perform battlefield surgery.
Australia is not yet seeing the level of business closures predicted for when JobKeeper and other support measures ended, say UNSW Business academics.
JobKeeper and the Coronavirus Supplement ended earlier this year. But the last few months in have shown the COVID crisis is far from over in Australia.
The Reserve Bank should stick to its guns. Australia's economy still needs all the support it can get.
While Australia responded relatively quickly towards minimising the spread of COVID-19, we're not out of the woods just yet.
The new system will direct money to employers who actually create jobs.
New research shows more than 40% of temporary visa holders skipped meals and a third faced homelessness due to a lack of government support during the pandemic.
The JobTrainer program will give school leavers the experience, confidence and aptitude necessary for economic recovery post-coronavirus, says economist Tim Harcourt.
JW Neville Fellow in Economics Tim Harcourt advises that Australia can use higher education and digital learning to skill up the workforce and build greater capacity in the economy.