Five leading economists have backed the end of the $90 billion JobKeeper program, saying the labour market’s rapid recovery made it hard to justify its continuation and the government should instead unveil targeted stimulus measures in the federal budget.is expected to put more than 100,000 people out of work, economists said the time was right to refocus spending on struggling sectors to avoid unnecessary debt.
. The federal government has unveiled some significant support packages for hard-hit sectors such as tourism to help keep them afloat now JobKeeper, which was supporting about 1.1 million workers, has ended.– which is well down on the 7.5 per cent rate at the height of the pandemic – to below 4.5 per cent, but it should be done more carefully.
“The longer JobKeeper remained in place, the longer we were postponing the inevitable and the more we would pay the price in terms of lower productivity and lower living standards.”
Morrison Government stops Job keeper Just economic vandals