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The Australia Institute modelled the impacts that removing the coronavirus supplement would have on the number of people in poverty. The national results and an explanation of the modelling are available in Poverty in the age of coronavirus. State specific figures can be found in the following reports: Poverty in the age of coronavirus –
Removing the coronavirus supplement in September will push over 600,000 people into poverty including 120,000 children and half a million people who rent or have a mortgage. This will have a profound impact on the lives of many children for the rest of their lives and significantly impact housing and banking in Australia.
The health response to COVID-19 has resulted in large increases in measured unemployment and underemployment as well as large falls in the total number of hours worked. While the size of these labour market effects has been widely discussed, the gender distribution of these impacts has not.
This background brief summarises Australia Institute research on the role of the sector and related polling. Key Details: The arts and entertainment sector contributes $14.7 billion per year in value added (GDP). Arts and entertainment employ 193,600 Australians. For every million dollars in turnover, arts and entertainment produce 9 jobs while the construction industry only produces around
Treasury forecasts unemployment rising to 10 per cent in the June quarter and that without the JobKeeper allowance unemployment would be 5 per cent higher at 15 per cent. The Government responded with a series of spending packages with a cumulative total of $193.6 billion. That inevitably means more deficit spending over and the next
The economic crisis brought on by the coronavirus pandemic requires fast, large, effective and well targeted fiscal stimulus. While the size of the government’s initial three spending packages is appropriate as an initial response, both the shape of that response and the design of future spending measures need to be carefully evaluated. This paper argues
On Sunday 22 March the Prime Minister, Scott Morrison, and Treasurer, Josh Frydenberg, announced a package of measures as part of their Economic Response to the Coronavirus (ERC). That response included a new Coronavirus Supplement to the Jobseeker Payment (formerly Newstart) to be paid at $550 per fortnight. This is a significant and unprecedented increase in
New research from The Australia Institute has found that a majority of Australians (52%) want to see Newstart boosted to the rate of the Age Pension for the course of the Coronavirus crisis, while one in three Australians (34%) oppose the idea.