New data shows cutting JobKeeper too early could have devastating consequences for workers, businesses and communities
Thousands of businesses and workers in each state, territory and local community are being held hostage by the Liberal and National Government’s decision to keep the JobKeeper review secret.
The impact of withdrawing JobKeeper too early in local communities can be seen on a new website which highlights how damaging the Morrison Government’s plan to suddenly withdraw support for the economy in the last week of September will be.
To find how much damage will be done to any local area users simply type in their postcode to discover the scale of job losses and money lost to the community.
We already know that nearly 900,000 business across Australia and approximately 3.3 million workers could be at risk if JobKeeper is ripped away suddenly in September.
Credible economic institutions including the Reserve Bank have repeatedly highlighted the significant uncertainty Australian businesses and workers are facing, and the need for ongoing economic support as the virus outbreak continues.
Scott Morrison and Josh Frydenberg’s decision to keep the JobKeeper review secret is adding to uncertainty in the business community and is a handbrake on the recovery.
The recent virus outbreak in Victoria and the necessary new restrictions make it even more important that the Government clarifies the future of JobKeeper.
The Government must consider better targeting and tapering JobKeeper, but it can’t just turn off the tap when businesses and households are struggling with new restrictions.
If the Government continues to mismanage this recession it will be a jobless recovery, and nobody wants to see that.
Australians desperately need an effective, well-executed response to this crisis, and a plan to bolster the recovery and set Australia up for the future.
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