JobKeeper has kept thousands of business afloat and workers employed… The introduction of a wage subsidy program has allowed businesses heavily impacted by the Coronavirus to cover costs of employee wages, which has served to halt spiralling unemployment figures. Particularly, payroll data shows that in the time JobKeeper was implemented, job losses have slowed down …
“…national debt has been quickly piling up. The government might have more wriggle room for stimulus than it likes to admit.” – Alan Kohler How does $750 bn of debt sound…? Adding to Australia’s $700 bn debt, the government has taken an additional $50bn loan by selling government bonds. More and more of these borrowed …
Generation Zest We are in limbo. We have one foot swamped in a remote-educational wasteland, the other sinking in financial uncertainty. We hesitate to take a step forward in the dark, where prospects of employment wilt in the hands of a rapidly withdrawing economy. This is the current reality for many young people who often …
How is our economy supposed to survive a second wave, when the impacts of the first one are still surging? The unemployment rate escalated to an unfortunate high at 7.4%, the highest it has been in over two decades. Gear up, for experts say 95,000 NSW jobs could be hit by a second lockdown.
Ahh yes, a timeless debate. To stimulate the COVID-impacted economy, ScoMo flexes the big bucks in the form of multiple stimulus packages. Inspired by the state of our current economy, to what extent will these transfer payments strengthen Australia’s social security? What’s stopping us from getting more?
Banks offer comfort ahead of the highly feared September welfare cut off. September has been viewed as a potential “economic cliff” for Australia, with JobKeeper, JobSeeker and a range of other welfare payments to be shut down or significantly reduced. The loan deferral program was also meant to cease in September, however the banks have …
All that glitters is not gold, but who knew it would be iron ore that would shine through the darkness? Australia’s energy and resource industry has lost almost $7 billion from the pandemic economic contraction. However, the Industry Department’s quarterly outlook report shows iron ore and gold exports leading the light out of the tunnel. …
As a student in my third year studying both Actuarial Studies and Economics, I’ve pondered many times whether there is a feasible link between the two degrees. To ease my anxiety about potentially wasting my university years doing things that are completely uncorrelated, I decided to take a deep dive into the recent history of …
Death Spiral – A Climate Change Event in the Healthcare System Read More »
Last week, the Australian Government announced the Job-Ready Graduates program, which shifts national focus away from arts degrees and more into the STEM fields. As a consequence of that, thousands of students feel as if though this is devaluing graduates based on their skillsets. However, it can also be perceived as a hard-line decision that …
Debate: Are increasing university fees necessary for the economy? Read More »
